Let X1, ... , Xn be a random sample from a gamma distribution with parameters a and

Question:

Let X1, ... , Xn be a random sample from a gamma with parameters a and b.
a. Derive the equations whose solutions Yield the maximum likelihood estimators of a and b. Do you think they can be solved explicitly?
b. Show that the mle of µ = αβ is µ^ = .
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...