Pareto Distribution Mean Calculator

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).

Formula: \( \mu = \frac{\alpha x_m}{\alpha – 1} \) (for \(\alpha > 1\))

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