Pareto Principle (80/20 Rule) & Pareto Analysis Guide | Juran Institute, An Attain Partners Company
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Let X have the Pareto pdf introduced in Exercise 10 : f(x ; k, θ)={ (k ·θ^k)/(x^k 1) x ≥θ 0 x1, compute E(X) . (b) What can you say about E(X) if k=1 ? (c) If k>2, show that Var(X)=k θ^2(k-1)^-2(k-2)^-1 (d) If k=2, what can you say about Var(X) ? (e) What conditions on k are necessary to ensure that E(X^n) is finite? | Numerade
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