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Reading 10b: Maximum Likelihood Estimates

Reading 10b: Maximum Likelihood Estimates

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Here are some standard terms we will use as we do statistics. Experiment: Flip the coin 100 times and count the number of heads. Data: The data is the result of the experiment. In this case it is ‘55 heads’. Parameter(s) of interest: We are interested in the value of the unknown parameter p.

  Statistics, Maximum, Estimates, Likelihood, Maximum likelihood estimates

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