The Likelihood PrincipleIn this lesson, an important function in statistic, called the likelihood function, is introduced. This function can also be used to summarize data. There are many ways to use the likelihood…
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Data Reduction and SufficiencyThe information in a random sample is used to make inferences about an unknown parameter theta. If the sample size n is large, then the observed sample is a long list of numbers that is difficult, if…
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