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Distributionshard
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Let XXX have a Pareto distribution with PDF f(x)=αxmαxα+1f(x) = \frac{\alpha x_m^\alpha}{x^{\alpha+1}}f(x)=xα+1αxmα​​ for x≥xmx \geq x_mx≥xm​. For what values of α\alphaα does the mean E[X]E[X]E[X] exist?