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1. MLE of the Exponential Rate For , let be i.i.d. exponential variables. a) Let be the maximum likelihood estimate (MLE) of the parameter .

1. MLE of the Exponential Rate For , let be i.i.d. exponential variables. a) Let be the maximum likelihood estimate (MLE) of the parameter . Find in terms of the sample mean . The subscript in is there to remind us that we have the average of values. It doesn't refer to the th sampled value

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