SOA Exam FAM Sample Question 37
Study guide: Exam FAM
You are given the following three observations:
0.74 0.81 0.95
You fit a distribution with the following density function to the data:
f(x) = (p + 1)x^p, \quad 0 < x < 1, \; p > -1
Calculate the maximum likelihood estimate of p.
- A) 4.0
- B) 4.1
- C) 4.2
- D) 4.3
- E) 4.4
Answer this question and see the worked solution