Question: Given realizations 0.05, 0.20, 1.72, 0.61, 0.24, 0.79, 0.13, 0.59, 0.26, 0.54 from random variables X1, . . . , X10 which we assume to

Given realizations 0.05, 0.20, 1.72, 0.61, 0.24, 0.79, 0.13, 0.59, 0.26, 0.54 from random variables X1, . . . , X10 which we assume to be distributed i.i.d. exponentially, use R to compute the maximum likelihood estimate of λ.

Consider the exponential CDF FE (x) = 1 − exp (−λx), for x > 0 and otherwise equal to zero.Nowlet X be distributed according to this exponential distribution.

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