Q6 A family of pdf's that has been used to approximate the distribution of income,city population size, and size of firms is the Pareto family. The family has twoparameters, k and 0, both > 0 and the pdf is the following.x > 0f(x)0,What can you say about E(X), if k = 1? Choose the option 'None among theothers', if your answer is different from all the others.O E(X) is equal to 1.None among the othersE(X) cannot be described without first defining 0.E(X) is undefined.O E(X) is equal to 0.

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Answered: A family of pdf's that has been used to…

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section5.3: The Natural Exponential Function

Problem 54E

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