Suppose that a random variable x is assumed to be normally distributed with (unknown) mean m and

Question:

Suppose that a random variable x is assumed to be normally distributed with (unknown) mean m and variance Ïƒ2 so that its probability density function is

The probability (likelihood) of a sequence of independent observations (x1, x2, . . . , xT) for given parameters m and Ïƒ2 is given by their joint Distribution

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...