Question: Let X be distributed Pareto with density f (x) x1 for x 1 and 0. (a) Find the log-likelihood function

Let X be distributed Pareto with density f (x) Æ

®

x1Å® for x ¸ 1 and ® È 0.

(a) Find the log-likelihood function `n(®).

(b) Find theMLE b®

for ®.

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