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The Pareto distribution: A. All the options are correct. B. Is heavy-tailed. C. Is such that the sample mean can significantly deviate from the true
The Pareto distribution:
A. All the options are correct.
B. Is heavy-tailed.
C. Is such that the sample mean can significantly deviate from the true mean, especially for values of the shape parameter that are close to 1.
D. Can exhibit extreme variability.
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