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.
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.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
A random variable X has a Pareto distribution if and
only if its probability density is given by
only if its probability density is given by
f(x) =
⎧
⎪⎨
⎪⎩
α
xα+1 for x > 1
0 elsewhere
⎧
⎪⎨
⎪⎩
α
xα+1 for x > 1
0 elsewhere
where α > 0. Show that μ
r exists only if r < α.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 3 images