Question: Let X Exp(a). Let Y = me X . Show that Y Pareto(m, a).

Let X ∼ Exp(a). Let Y = meX. Show that Y ∼ Pareto(m, a).

Step by Step Solution

3.43 Rating (172 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Since x 0 y m The cdf of Y is ... 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!