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In this exercise we take a look at the mean of a Pareto distribution. a. Determine the expectation of a Par(2) distribution. b. Determine the expectation of a Par((1)/(2)) distribution. c. Let X have a Par(α) distribution. Show that E[X]=α/(α-1) if α>1. | Numerade
In this exercise we take a look at the mean of a Pareto distribution. a. D…
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