Pareto distribution

noun3

1. •
   A probability distribution such that for a random variable X with that distribution holds that the probability that X is greater than some number x is given by
2. •
   Pr (X>x)=(x/(x_m))⁻ᵏ
3. •
   for all x ≥ xₘ, where xₘ is the (necessarily positive) minimum possible value of X, and k is a positive parameter.