Maurice Tutor

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Category > Management Posted 10 Oct 2017 My Price 3.00

binomial random variable

Let X be a binomial random variable with parameters (n, p). What value of p maximizes P{X = k}, k = 0, 1, ... , n? This is an example of a statistical method used to estimate p when a binomial (n, p) random variable is observed to equal k. If we assume that n is known, then we estimate p by choosing that value of p which maximizes P{X = k}. This is known as the method of maximum likelihood estimation.

 

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Maurice Tutor
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Status NEW Posted 10 Oct 2017 10:10 PM My Price 3.00

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