Consider the log likelihood function L(x | 0) where 0 = (01,02)' is a vector of parameters . Let 0* be the value of 0 that makes the gradient of L(x | 0) with respect to 0 equal to vector 0. The hessian matrix evaluated at V3 The log likelihood at 0* is then 1 2 critical 0* is given by H = V3 (a) a local maximum (b) a local minimum (c) a saddle point (d) 0

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