Approximation of the Mean and Variance for the Median Estimator of the Shape Parameter for Pareto European Distribution

In this research, some of Pareto properties from the first class are studied beside some of its theories and Pareto distribution parameters were obtained using a median amount. The amount of shape parameter contains a very complex model and its properties are difficult to know. In this paper, we approximated the mean and the variance using Tyler series of second degree derivation to obtain a mathematical model.