Transmutation Of Weibull Pareto Distribution

A generalization of the New Weibull-Pareto so called Transmuted Weibull Pareto Distribution is proposed and studied using the quadratic rank transmutation map (QRTM). The structural properties which include explicit expression for the quantiles, moment and order statistics of the proposed distribution were derived. Its parameters were estimated using the method of Maximum likelihood and least square estimation. The Transmuted Weibull Pareto Distribution was applied to real life data set to examine its flexibility over the New Weibull Pareto distribution. The result obtained shows that the Transmuted Weibull Pareto Distribution outperforms the New-Weibull Pareto distribution. The Performance criteria used are the AIC and BIC values

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