Let X have the Pareto distribution with parameter a > 0; this means that X has PDF f(x)
Chapter 6, Problem 3(choose chapter or problem)
Let X have the Pareto distribution with parameter a > 0; this means that X has PDF f(x) = a/xa+1 for x 1 (and 0 otherwise). Find the median and mode of X.
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer