Question: Pls help What is the basic idea of the Maximum Likelihood estimation procedure? Select one: 0 a. We assume a distribution and use the curve

Pls help

Pls help What is the basic idea of the Maximum Likelihood estimation

What is the basic idea of the Maximum Likelihood estimation procedure? Select one: 0 a. We assume a distribution and use the curve to determine the most likely value of the parameters to have produced the data we saw. 0 b. We use a sample moment to estimate the parameter since the sample moment will always equal the parameter we want. 0 c. We take sample moments [such as Ybarl and set them equal to population moments {such as EM} and solve the equations for the parameters. 0 d. Our data is variable so we simpliyr use sample moments (such as Ybarl to plug into our PDF or PME We then solve for the parameters

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