Continuation of Exercise 7-31. Suppose that for the situation of Exercise 7-12, the sample size was larger

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Continuation of Exercise 7-31. Suppose that for the situation of Exercise 7-12, the sample size was larger (n = 40) but the maximum likelihood estimates were numerically equal to the values obtained in Exercise 7-31. Graph the likelihood function for n = 40, compare it to the one from Exercise 7-31 (b), and comment on the effect of the larger sample size.

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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