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Question (BH 5.18) The Pareto distribution with parameter a > 0 has PDF f(x)... (BH 5.18) The Pareto distribution with parameter a > 0 has
Question (BH 5.18) The Pareto distribution with parameter a > 0 has PDF f(x)... (BH 5.18) The Pareto distribution with parameter a > 0 has PDF f(x) = a/ for x > 1 (and 0 otherwise). This distribution is often used in statistical modeling. (a) Find the CDF of a Pareto my. with parameter a; check that it is a valid CDF. (b) Suppose that for a simulation you want to run, you need to generate i.id. Pareto(a) rvs. You have a computer that knows how to generate lid. Unif(0, 1) rus but does not know how to generate Pareto ry.s. Show how to do this
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