Transmutation Of Weibull Pareto Distribution

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A generalization of the New Weibull-Pareto so called Transmuted Weibull ParetoDistribution is proposed and studied using the quadratic rank transmutation map (QRTM). Thestructural properties which include explicit expression for the quantiles, moment and orderstatistics of the proposed distribution were derived. Its parameters were estimated using the

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method of Maximum likelihood and least square estimation. The Transmuted Weibull ParetoDistribution was applied to real life data set to examine its flexibility over the New WeibullPareto distribution. The result obtained shows that the Transmuted Weibull Pareto Distributionoutperforms the New-Weibull Pareto distribution. The Performance criteria used are the AIC andBIC values

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Project ID TH5126

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Transmutation Of Weibull Pareto Distribution

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