Cell Phone Consumption The number of UC Merced students (Y, in thousands) who need X smart phones during their time at UC Merced can be loosely modeled by the Pareto distribution with PDF f(x) = (a) What is the shape parameter a?
(b) Compute the expected number of cell phones and the standard deviation.
(c) Build the "range rule of thumb" interval (4 – 20,4 +20)
(d) If a student goes through 3 cell phones during their time at UC Merced, is that amount of cell phones unusual?