Question
Statistics for Economics Question on Mean and Variance of Random variables
Let the value of a random sample drawn from a normal distribution with mean 5 and unknown standard deviation σ be 4.8, 4.5, 5.1, 5.2, 5.3, 5.5. Then, the maximum likelihood estimate of σ2 is _____. (rounded off to two decimal places).
Answer
The correct answer is :0.10