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#1 A sample of 4 observations (X1 = 0.4, X2 = 0.6, X3 = 0.7, X4...

#1 A sample of 4 observations (X1 = 0.4, X2 = 0.6, X3 = 0.7, X4 = 0.9) is collected from a continuous distribution with pdf

(a) Find the point estimate of θ by the Method of Moments.

(b) Find the point estimate of θ by the Method of Maximum Likelihood. Use two decimal places.

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