… parameters, denoted as **θ***, are** **determined by finding the **Maximum Likelihood** of the data **X** w.r.t **θ.** Maximum likelihood essentially means that we select **θ **in such a way so that the data **X** is the most likely to occur, compared to other choices of **θ.**** (**A model that finds the maximum likelihood is called the **Maximum Likelihood Estimator)**. The concept…