Question: (Maximum likelihood estimation) Suppose that X, ..., Xn are independently sampled from a Pareto distribution with the pdf a -= {o= 0 f(x; ,

(Maximum likelihood estimation) Suppose that X, ..., Xn are independently sampled from a Pareto distribution with the pdf a -= {o= 0 f(x; , 3) = xa+1 x B, x < B, where a, > 0. (a) (15 points) Suppose is known. Find the maximum likelihood estimator of a. (b) (15 points) Suppose a is known. Find the maximum likelihood estimator of .

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