A random variable X has a Pareto distribution if andonly if its probability density is given by f(x) =⎧⎪⎨⎪⎩αxα+1 for x > 10 elsewhere where α > 0. Show that μ r exists only if r < α.

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A random variable X has a Pareto distribution if and
only if its probability density is given by
f(x) =

⎪⎨
⎪⎩
α
xα+1 for x > 1
0 elsewhere
where α > 0. Show that μ
r exists only if r < α.
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