Please explain Suppose a light bulb producer wishes to estimate p, the probability that a certain type of light bulb burns out within 900 hours. 500 bulbs are used for 900 hours each, and 31 of them burn out. What is the maximum likelihood estimate of p?
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Please explain
Suppose a light bulb producer wishes to estimate p, the probability that a certain type of light bulb burns out within 900 hours. 500 bulbs are used for 900 hours each, and 31 of them burn out. What is the maximum likelihood estimate of p?
Given:
The value of is 500.
The value of is 31.
For distribution the equation as,
The value of is estimated as,
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