Suppose that the outcome of an experiment is classified as either a success or a failure. Letting

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Suppose that the outcome of an experiment is classified as either a success or a failure. Letting X = 1 when the outcome is a success and X = 0 when it is a failure, the probability density, or mass, function of X is given by

p(X = 0) = 1 − p

p(X = 1) = p, 0 ≤ p ≤ 1

What is the maximum likelihood estimator of p, the probability of success?

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Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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Question Posted: Apr 30, 2018 03:29 AM

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Suppose that the outcome of an experiment is classified as either a success or a failure. Letting

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Since p follows a Bern...View the full answer

Basic Econometrics

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