Past exam of the mathematics course of the University of Cambridge 2012 iii Paper 33 2 c Solution Created 2026-10-03 Updated 2026-10-07
The transformation of the uniform distribution gives, for ,Thus has a Pareto distribution with lower endpoint and shape . It has mean , but no positive exponential moments, so the preceding version of the Cramér theorem is unavailable.
At , the event in question is certain. For every fixed and all sufficiently large , positivity of the summands gives the one-big-jump polynomial lower boundTaking logarithms and dividing by gives an upper bound and a lower bound . HenceThis covers thresholds below, at and above the mean. Above the mean it means decay is slower than exponential speed , not that the tail probability tends to .