Estimate the parameter a for the set D using MLE.

A First Course in Probability (10th Edition)
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Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Problem 1: Pareto distribution
Let D = {x1, .. ., xn} be a set of independent and identically distributed (i.i.d.) samples
drawn from a Pareto distribution defined by the parameter a and defined as follows:
´a – 1
f(x\a) = } xa
x2 1
(o, otherwise
Estimate the parameter a for the set D using MLE.
Transcribed Image Text:Problem 1: Pareto distribution Let D = {x1, .. ., xn} be a set of independent and identically distributed (i.i.d.) samples drawn from a Pareto distribution defined by the parameter a and defined as follows: ´a – 1 f(x\a) = } xa x2 1 (o, otherwise Estimate the parameter a for the set D using MLE.
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