Question: Consider the probability density function of a Pareto random variable used in studies of the distribution of income $$ f(x mid theta, alpha)=theta alpha^{theta} x^{-(theta+1)},

Consider the probability density function of a Pareto random variable used in studies of the distribution of income $$ f(x \mid \theta, \alpha)=\theta \alpha^{\theta} x^{-(\theta+1)}, \quad \theta>0, \quad 0<\alpha

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