Suppose that k ~ B(n, ). Find the standardized likelihood as a function of for given
Question:
Suppose that k ~ B(n, π). Find the standardized likelihood as a function of π for given k. Which of the distributions listed in Appendix A does this represent?
Appendix A.
Some facts are given about various common statistical distributions. In the case of continuous distributions, the (probability) density (function) p(x) equals the derivative of the (cumulative) distribution function F (x) = P(X ≤ x ). In the case of discrete distributions, the (probability) density (function) p(x) equals the probability that the random variable X takes the value x.
The mean or expectation is defined by
depending on whether the random variable is discrete or continuous. The variance is defined as
depending on whether the random variable is discrete or continuous. A mode is any value for which p(x) is a maximum; most common distributions have only one mode and so are called unimodal. A median is any value m such that both
In the case of most continuous distributions, there is a unique median m and
There is a well-known empirical relationship that
or equivalently
Some theoretical grounds for this relationship based on Gram-Charlier or Edgeworth expansions can be found in Lee (1991) or Kendall, Stewart and Ord (1987,. Section 2.11).
Further material can be found in Rothschild and Logothetis (1986) or Evans, Hastings and Peacock (1993), with a more detailed account in Johnson et al. (2005), Johnson et al. (1994-1995), Balakrishnan et al. (2012) and Fang, Kotz and Wang (1989).
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