Question: Consider the lognormal distribution with the density function given in Section 6.9. Suppose we have a random sample x1, x2,...,xn from a lognormal distribution. (a)

Consider the lognormal distribution with the density function given in Section 6.9. Suppose we have a random sample x1, x2,...,xn from a lognormal distribution.

(a) Write out the likelihood function.

(b) Develop the maximum likelihood estimators of μ

and σ2.

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