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Let Y1, ..., Ynconstitute a random sample from a population with probability density function g(y|?) = (?+ 1)(y?) for 0 1, where the parameter ?is greater than -1.
(a) Determine the maximum likelihood estimator of ?.
(b) Determine the method-of-moments estimator of ?.
Consider fast food restaurants. Now apply concepts that are related to the term "Consumption Behaviors" that are talked about when talking about consumers.
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