Use the data (12, 55), (15, 62), and (20, 80) to calculate the likelihood value for...

Use the data (12, 55), (15, 62), and (20, 80) to calculate the likelihood value for the parameter values β₀ = 15 and β₁ = 3 when assume σ = 2. Please show all calculations.

Expert Solution

First we want estimates of parameter B0 and B1 which can be calculated using OLS

now using above formulas we can

Therefore

B1 = =

B1 = 3.17 ~~ 3

B0= Ybar- B1*Xbar

B0 =65.67 - (3.17*15.67)

Bo = 15.99 ~~ 15

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Thank You !

orchestra answered 2 years ago

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