Last Updated :2025/11/22

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(statistics) A probability distribution such that for a random variable X with that distribution holds that the probability that X is greater than some number x is given by / Pr (X>x)=(x/(x_m))⁻ᵏ

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Pareto distribution

Economists often use the Pareto distribution to model income, since the probability that income exceeds a value x follows a power-law form.

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Economists often use the Pareto distribution to model income, since the probability that income exceeds a value x follows a power-law form.

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