Question: 4+6 points/ A random variable has a Pareto distribution with parameters a > 0 and 0 > 0 if its density function is ax f

4+6 points/ A random variable has a Pareto distribution with parameters a > 0 and 0 > 0 if its density function is ax f (a) = for > > TO a+1 0 otherwise. a) Show that f() is a probability density function. b) Find E(X) and Var (X)

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10. How much time does it take between when we collect information until it is used in decision-making?

2. Ask questions, listen rather than attempt to persuade.