1 - Purdue University
The 10th percentile of the distribution is θ – k, where k is a constant. The 90th percentile of the distribution is 5θ – 3k. Determine α. You are given the following random sample of 3 data points from a population with a Pareto distribution with θ = 70: X: 15 27 43. Calculate the maximum likelihood estimate for α. * You are given: ................
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