I'm supposed to solve this using the Maximum Likelihood Estimator.
There are 100 marbles in a jar. Suppose that we know the ratio of marbles is 4 to 1, but we don’t know whether these are more reds or blues. Suppose in a random draw of 3 with replacement, two marbles are red. What is the most likely estimate of p, 1/5 or 4/5?
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