Suppose that X1 and X2 are independent random variables, and that Xi has the normal distribution with mean bi and variance 2i for i 1, 2 Suppose also that b1, b2, 21, and 22 are known positive constants, and that is an unknown parameter Determine the M L E of based on X1 and X2 ...

The joint pdf of X 1 and X 2 is 12 1 2 ex ...

Suppose that X1 and X2 are independent random variables, and that Xi has the normal distribution with

Question:

Suppose that X1 and X2 are independent random variables, and that Xi has the normal with mean biμ and variance σ2i for i = 1, 2. Suppose also that b1, b2, σ21, and σ22 are known positive constants, and that μ is an unknown parameter. Determine the M.L.E. of μ based on X1 and X2.
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...