An inequality for functions in $L^1$ and $L^2$.

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Given $f\in L^1(X)$, show that for every $\rho>0$ one has:

$\mu({|f|>\rho})\leq \rho^{-1}\int|f|d\mu$.

I think in order to prove this, we use the fact that $\int|f|d\mu= \lim_{\rho\to 0}\sum_{n=1}^\infty\rho\mu(|f|>n\rho)$. Am I correct in assuming that the inequality more or less follows from this? I was also wondering if we could make a stronger/similar statement for $L^2$ functions.

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Hint: $$\mu(|f| > \varrho) = \int_{|f|> \varrho} \, d\mu \leq \int_{|f|>\varrho} \frac{|f|}{\varrho} \, d\mu.$$

This inequality is known as Markov's inequality.

Remark: For $f \in L^p(\mu)$, $p \geq 1$, $$\mu(|f|>\varrho) \leq \frac{1}{\varrho^p} \int |f|^p \, d\mu.$$