A random variable X has a Pareto distribution if and only if its probability density is given by Where Icirc plusmn 0 Show that micro 'r exists only if r for x 1 elsewhere...

Exists only if r 1 1 r 2 dx 101 xdn ...

A random variable X has a Pareto distribution if and only if its probability density is given

Question:

A random variable X has a Pareto if and only if its probability density is given by

Where Î± > 0. Show that µ'r exists only if r

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...