Which of the Following Best Describes the Maximum Likelihood Estimate

question 33

Multiple Choice

Which of the following best describes the maximum likelihood estimate?

• A) The likelihood value with the highest probability
• B) The likelihood value with the highest value
• C) The parameter closest to the sample likelihood
• D) The parameter that results in the highest likelihood

---

Definitions:

Power Distance

A cultural dimension that reflects the extent to which less powerful members of organizations and institutions accept and expect that power is distributed unequally.

Low Power Distance

A societal characteristic where individuals perceive little difference in power and status among members, promoting equality and challenging authority.

Feedback

The information and reactions received about an individual's performance or about the results of a business activity, used as a basis for improvement.

Managing Cultural Differences

The practice of acknowledging and adapting to cultural variations in a global business environment.