Question: The Pareto distribution, with parameters a > 0 and 13 > 0, has pdf (a) (b) (c) Verify that f (x) is a pdf.

The Pareto distribution, with parameters a > 0 and 13 > 0,

The Pareto distribution, with parameters a > 0 and 13 > 0, has pdf (a) (b) (c) Verify that f (x) is a pdf. Derive the mean and variance of this distribution. Show that the variance does not exist, ie., its value is infinitely large, if 13 < 2.

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