The Pareto sdsistribution, with parameters α and β, has pdf (a) Verify that f(x) is a pdf.
Question:
(a) Verify that f(x) is a pdf.
(b) Derive the mean and variance of this distribution.
(c) Prove that the variance does not exist if β
Transcribed Image Text:
Ba z9+1 a
Ba z9+1 a 0, B> 0. f(z) =
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a thus fx integrates to 1 ...View the full answer
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