Let's consider the underlying distribution of the well-known "80/20-Rule" according to Pareto. Let us here consider the distribution as p(x)=Cx2.19 which is quite close to the " 80/20 rule." What is correct answer? According to the Law of Large Numbers, we need 30 observations so that the mean converges. According to the Law of Large Numbers, we need 30103 observations so that the mean converges. According to the Law of Large Numbers, we need 30105 observations so that the mean converges. - According to the Law of Large Numbers, we need 30106 observations so that the mean converges. - According to the Law of Large Numbers, we need 301011 observations so that the mean converges