Pareto Distribution Mean Calculator
Enter the scale parameter \( x_m \) and the shape parameter \(\alpha\) to calculate the mean of the Pareto distribution.
* Note: The mean exists only if \(\alpha > 1\). For \(\alpha \le 1\), the mean is undefined (infinite).
Step 1: Enter Parameters
e.g., 1
e.g., 2 (must be greater than 1 for the mean to exist)
How It Works
The mean of the Pareto distribution is given by: $$ \mu = \frac{\alpha x_m}{\alpha – 1} \quad \text{for } \alpha > 1. $$
If \(\alpha \le 1\), the mean is undefined (infinite).