It is a theoretical probability distribution. I have included two links from the internet which describe the distribution and some of its applications.
Sometimes in statistics, we are more...
1 - 2 answers 2 - probabilty of success remains constant 3 - outcomes of trials are independent 4 - random variable of interest is the number of successes in a fixed number of of trials
You must know calculus, at least that the integral of xN = 1/(N+1)xN+1 . Define the Pareto distribution as:
f(x) = abax-(a+1) or Cx-(a+1) where C = aba (a constant)
Remember that the pdf is defined...