Consider the following Pareto distribution

Consider the following Pareto distribution f(x) = 3/(x^4) when x ? 1 and f(x) = 0 when x < 1. A sample x(1), . . . , x(n) of size n = 1000 is available from this distribution. What procedure would you suggest for providing an estimation of E[(5X + 1)^2 ].*You must use Markov chains

Order Solution Now

Similar Posts