Question: (a) Explain the concept of the likelihood function as it relates to the distribution of the sample. (b) Explain why the likelihood function does not
(a) Explain the concept of the likelihood function as it relates to the distribution of the sample.
(b) Explain why the likelihood function does not assign probabilities to the unknown parameter(s) θ.
(c) Explain how one can derive the maximum likelihood estimators in the case where the likelihood function is twice differentiable.
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