Question: Problem Let X1, ..., Xn be a random sample from Pareto distribution with parameters a > 0 and > 0, and with pdf Q8 f(x]a,b)

Problem Let X1, ..., Xn be a random sample from

Problem Let X1, ..., Xn be a random sample from Pareto distribution with parameters a > 0 and > 0, and with pdf Q8 f(x]a,b) a 1 the expectation is finite and equal to EX B.a B-1: (1) Assume that a is unknown and B is known. In part (1) only, further assume that B > 1. (i) [7pts] Derive a one-sided 95% confidence interval C(X) for a by inverting the LRT (from previous questions)

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