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   "source": [
    "# MLE lesson exercises\n",
    "\n",
    "<hr />"
   ]
  },
  {
   "cell_type": "markdown",
   "metadata": {},
   "source": [
    "## Exercise 1\n",
    "\n",
    "Why is the likelihood function not a probability?\n",
    "\n",
    "<br />"
   ]
  },
  {
   "cell_type": "markdown",
   "metadata": {},
   "source": [
    "## Exercise 2\n",
    "\n",
    "When is maximum likelihood estimation a *constrained* optimization problem? How can you handle constraints when using BFGS? How about when using Powell's method?\n",
    "\n",
    "<br />"
   ]
  },
  {
   "cell_type": "markdown",
   "metadata": {},
   "source": [
    "## Exercise 3\n",
    "\n",
    "Write down any questions or points of confusion that you have."
   ]
  }
 ],
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