Question: Consider Newton's Algorithm for the Weibull Distribution and Use Newton's algorithm in R to estimate the MLEs for bothkand given the observed data x={0.01, 0.5,
- Consider Newton's Algorithm for the Weibull Distribution and Use Newton's algorithm in R to estimate the MLEs for bothkand given the observed data x={0.01, 0.5, 0 .7, 0.22, 0.14, 0.37, 0.4} , using initial values ofk_0=0.5and_0=0.2. What are your estimates of the MLEs? How fast does the algorithm converge?
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