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A New Reciprocal System of Burr Type X Densities with Applications in Engineering, Reliability, Economy, and Medicine
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A New Reciprocal System of Burr Type X Densities with Applications in Engineering, Reliability, Economy, and Medicine
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Journal Article
A New Reciprocal System of Burr Type X Densities with Applications in Engineering, Reliability, Economy, and Medicine
2023
Overview
Depending on Yousof et al. (2017a), a new one parameter G family of distributions called the reciprocal Burr X-G family is defined and studied. Special member based on the well-known Burr type XII model called the reciprocal Burr X-Burr XII distribution is studied and analyzed. Relevant properties of the new family including ordinary moments, moment of the residual life, moment of the reversed residual life and incomplete moments are derived and some of them are numerically analyzed. Four different applications to real-life data sets are presented to illustrate the applicability and importance of the new family. The new family has proven to be highly capable and flexible in practical applications and statistical modeling of real data.
Publisher
University of the Punjab, College of Statistical & Actuarial Science
Subject
