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Solve show all work Question 9 20 pts The Pareto distribution with parameter 0 > 0 has a pdf as follows: f (x10 ) =

Solve show all work

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Question 9 20 pts The Pareto distribution with parameter 0 > 0 has a pdf as follows: f (x10 ) = -0+1 x21 x 0 otherwise Suppose the data: 5, 10, 8 was drawn independently from such a distribution. Find the maximum-likelihood estimate of 0. Upload Choose a File

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