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Scanned with CamScanner, 3) The values of oil reserves in, Pareto Distribution:-, oil fields (afew large fields , many, Pareto distribution is named after small fields, 4) File size dist" of internet tffic, files), the Italian civil engineer, economist, and sociologist 'vilfredo Paveto’ which (many smaller files, few larger, is used in social, scientific, geophysical, and acturial phenomena. 14 is mostly, used to describe the distribution of wealth., in a society, fitting the trend that a, darge portion of wealth is held by, small fraction of the population which given by,, is called, Def: A continuous 8.v. x is said, to follow pareto distribution with, parameters (x, B) if its pdf is, a, « Paveto Principle" or ", 80 - 20", fexe), reele. That means, 80%. cwealth of, society is held by 20%. of population, Real life situations:, where, f= shape parameter, BE scale, ) The sizes of human settlements, parametor, (few cities , many villages), Notation: X p (x, B), many places,, heavy rainfall in few places), 2) Rain fall ( Light rainfall in