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 f_Y (y; λ) = λe^−λy , y ≥ 0

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