Question: Derive the maximum likelihood estimator given the distribution below: Let X1,X2, ...,XTl be a random sample from the General Pareto distribution with probability density function:

Derive the maximum likelihood estimator given the distribution below:

Let X1,X2, ...,XTl be a random sample from the General Pareto distribution with probability density function: 9+1 f(x;6)=6k9(;) , kx1 a. Suppose k is known, find the Maximum Likelihood Estimator (MLE) of 6 and show that indeed the derived estimator would yield the maximum likelihood

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