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The following claim data were generated from a Pareto distribution: 1 3 0 , 2 0 , 3 5 0 , 2 1 8 ,

The following claim data were generated from a Pareto distribution:
130,20,350,218,1,822
For integer k
, the k
th moment of a Pareto distribution with parameters \alpha
and \theta
is
\theta kk!(\alpha 1)(\alpha 2)...(\alpha k)
Using the method of moments, determine the estimate of \theta
.

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