Question: Consider the lognormal distribution with the density function given in Section 6.9. Suppose we have a random sample x , x , , x from

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

1. Write out the likelihood function.

2. Develop the maximum likelihood estimators of μ and σ .

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