Radiated seismic energies (in joules) of earthquakes above a catalogue completeness…
PHYSICS · Multi-part · Fermi University Physics · Scientific Practice & Experimental Methods · Mathematical Methods for Physics · Data analysis and model fitting in the laboratory
Many Parts, One Behaviour, Ch Heavy tails: power laws and how to measure them
Problem
Radiated seismic energies E (in joules) of n=40 earthquakes above a catalogue completeness threshold xmin=1012J are modelled by the continuous power-law density p(E)∝E−α for E≥xmin. The sum of log-ratios is ∑i=140ln(Ei/xmin)=54.0.
((a)) Find the maximum-likelihood estimate α^ and its standard error.
((b)) Estimate the fraction of these earthquakes with energy at least ten times xmin.