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.
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter14: Counting And Probability
Section14.2: Probability
Problem 3E: The conditional probability of E given that F occurs is P(EF)=___________. So in rolling a die the...
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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.
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