Question: Answer please it's parameter Estimation methods Part I. Concept Check 1. What do we need to know or to have in order to use the

Answer please it's parameter Estimation methods

Part I. Concept Check 1. What do we need to know or to have in order to use the Method of Moments or the Method of Maximum Likelihood? 2. What is a "moment, " regarding a probability distribution? 3. What is the end goal of the Method of Moments and the Method of Maximum Likelihood? 4. How does the Method of Moments work? 5. How does the Method of Maximum Likelihood work? 6. True or false, and explain: the methods allow us to solve for the population parameters 7. True or false, and explain: different methods will give different estimates 8. True or false, and explain: different samples will give different estimates

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