Question: Let X Beta(a, 1). Show that Y = 1/X has a Pareto distribution.

Let X ∼ Beta(a, 1). Show that Y = 1/X has a Pareto distribution.

Step by Step Solution

3.34 Rating (172 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Since 0 x 1 1 y The cdf of Y is F Y ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Probability With Applications Questions!