Estimate the parameter a for the set D using MLE.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text:Problem 1: Pareto distribution
Let D = {x1, .. ., xn} be a set of independent and identically distributed (i.i.d.) samples
drawn from a Pareto distribution defined by the parameter a and defined as follows:
´a – 1
f(x\a) = } xa
x2 1
(o, otherwise
Estimate the parameter a for the set D using MLE.
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