Question: Part (a). Steps: Write likelihood function Use optim to find the MLE. Recall that you will have to put fn=-1 as an argument in order

Part (a). Steps: Write likelihood function Use optim to find the MLE. Recall that you will have to put fn=-1 as an argument in order to find the maximum since the default is to minimize. Note: Set hessian=T in order to help with step 3. Estimate the Fisher information from the Hessian, obtained from the output of step 2 (see the help(optim) page for additional details) Obtain a confidence interval using the standard asymptotic formula and the numerical values obtained previously

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!