1. Likelihood Function: The probability of observing 3 heads is given by the binomial probability: \[ L(m, p) = \binom{m}{3} p^3 (1-p)^{m-3}. \] 2. Maximum Likelihood Estimation: - Evaluate \( L(m, p) \) for each pair \( (m, p) \) from the possible values: \[ L(3, \frac{3}{4}) > L(5, \frac{1}{4}), \quad L(3, \frac{3}{4}) > L(5, \frac{3}{4}). \] - The pair \( (3, \frac{3}{4}) \) maximizes the likelihood function