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Let X and 'r' be independent Pareto distributions. Suppose X has Pareto parameter 3 and Y has Pareto parameter 1. Determine the probabilityr densityr...

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Let X and Y be independent Pareto distributions.

Suppose X has Pareto parameter 3 and Y has Pareto parameter 1.

Determine the probability density Z = XY.

(Recall: The sample space for both X and Y are the real numbers larger than 1.)

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Let X and ‘r' be independent Pareto distributions. Suppose X has Pareto parameter 3 and Y has Pareto parameter 1.
Determine the probabilityr densityr Z = 3W. (Recall: The sample space for both X and ‘r‘ are the real numbers larger than 1.] Hint: The easiest way to do this problem is Inlith the product rule for random varia hles from Section
11.3 in the textbook. .. weds-s) ID None of these.

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