Recent content by soran

Maybe it would be better to see how a simpler example works. Try the exponential distribution whose pdf is f=(1/a)e^(-x/a) Say you have 2 observations x_i=1,5 MLE is about estimating the parameter 'a' assuming that the observations actually happened. What's the probability of those...

Thanks it's good to be here :) To clarify, the rate at which customers arrive at a store each min is Poisson~L but the profit that is earned from these customers is a discrete distribution X whose pdf is given. I understand that 10*L=L* is also Poisson and L* is the param for 10min intervals...

The start of the solution says to modify the Poisson to eliminate the case of 0 profit. I don't understand why this is the case or how to identify this type of problem as such. I don't see another way to reach the solution either... Thanks!