(Answered) For n gt 1 let xbdquo be a continuous random variable with

Statistics

For n > 1, let X„ be a continuous random variable with the probability density function

are called Pareto random variables and are used to study income distributions.

(a) Calculate cn, n > 1.

(b) Find E(X„), n > 1.

(d) For what values of m does E(X,7+1) exist?

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