Pareto Distribution
- is a skewed, heavy-tailed distribution that is sometimes used to model the distribution of incomes
Cumulative Distribution Function
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Pareto Type I cumulative distribution functions for various 𝛼 with 𝑥𝑚=1 |
/pareto-distribution-(80-20-rule)/pareto-cumulative-distribution-function.png)
/pareto-distribution-(80-20-rule)/pareto-cumulative-distribution-function-graph.png)
Probability Density Function
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Pareto Type I probability density functions for various 𝛼 with 𝑥𝑚=1As 𝛼→∞ the distribution approaches 𝛿(𝑥 - 𝑥𝑚), where 𝛿 is the Dirac delta function |
/pareto-distribution-(80-20-rule)/pareto-probability-density-function.png)
/pareto-distribution-(80-20-rule)/pareto-probability-density-function-graph.png)