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(Solved): 4. Let (X1,Y1),,(Xn,Yn) be independent pairs of correlated bivariate normal rand ...



4. Let \( \left(X_{1}, Y_{1}\right), \ldots,\left(X_{n}, Y_{n}\right) \) be independent pairs of correlated bivariate normal

4. Let be independent pairs of correlated bivariate normal random variables. Suppose they are standardized, so it is known that and . Find an equation in terms of , and which, if solved, would give the maximum likelihood estimate of the unknown correlation .


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The likelihood function for a bivariate normal distribut
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