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The Pareto distribution is sometimes used in economics as a. model for a. density function with a slowly decaying tail. Its p.d.f. is given by

The Pareto distribution is sometimes used in economics as a. model for a. density function with a slowly decaying tail. Its p.d.f. is given by f($|$o,0) = Mfg1, w 2 560,9 > 1 Assume that :50 is given, and is positive.

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