Question: Use the sample Y 1 = 8.2, Y 2 = 9.1, Y 3 = 10.6, and Y 4 = 4.9 to calculate the maximum likelihood

Use the sample Y1 = 8.2, Y2 = 9.1, Y3 = 10.6, and Y4 = 4.9 to calculate the maximum likelihood estimate for λ in the exponential pdf

fY(y; λ) = λe−λy, y ≥ 0

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