final

Question 1

In panel data, the regression error :

Answer 1

1

Question 2

Suppose that a random variable Y had the following probability distribution:
P(Y=1)=p, P(Y=2)=q and P(Y=3)=1-p-q. A randon sample of size 100 is drawn from distribution. Among the sample observations. Y=2 was observed 2 times and Y=3 was observed 30 times. compute the maximum likelihood estimate of p.

Answer 2

1