Question
You are playing a game with two coins. Coin 1 has a probability of heads. Coin 2 has a 20 probability of heads. You
You are playing a game with two coins. Coin 1 has a probability of heads. Coin 2 has a 20 probability of heads. You fip these coins several times and record your results: Coin Result 1 Head 2 Tail Tail 2 Tail 2 Head (a) What is the likelihood of the data given 0? [8 pts] (b) What is the maximum likelihood estimation for 0? [10 pts]
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Get StartedRecommended Textbook for
Microeconomics
Authors: Dean Karlan, Jonathan Morduch
1st edition
978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531
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