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The Maximum Likelihood Estimate (MLE) Can Be Determined by Doing

Question 5

Multiple Choice

The maximum likelihood estimate (MLE) can be determined by doing which of the following?

A) Across the whole range of possible parameter values, we calculate the likelihood and the MLE is the largest probability value.
B) Across the whole range of possible parameter values, we calculate the likelihood and the MLE is the smallest probability value.
C) Across the whole range of possible parameter values, we calculate the log-likelihood and the MLE is the parameter that gives the largest value.
D) Across the whole range of possible parameter values, we calculate the log-likelihood and the MLE is the parameter that gives the smallest value.

Correct Answer: