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Pareto Distribution
This lesson is part of NumPy · All levels
Summary
The Pareto distribution is a weighted tail distribution that describes inequality, such as the distribution of wealth or the size of a city. Pareto's famous law (80/20) is rooted in this distribution.
Key points
- Pareto(a, size) with a = shape parameter.
- Heavy tail: Extreme small value is still possible.
- The result is always greater than or equal to 0 (theory > 0).
- Classic for revenue distribution, file size, and popularity.
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