Main Article Content

Abstract

The main goal of this article is to introduce a new extension of the continuous Lomax distribution with a strong physical motivation. Some of its statistical properties such as moments, incomplete moments, moment generating function, quantile function, random number generation, quantile spread ordering and moment of the reversed residual life are derived. Two applications are provided to illustrate the importance and flexibility of the new model.

Keywords

Maximum Likelihood Estimation Quantile Function Generating Function Moments Zero Truncated Poisson

Article Details

How to Cite
Ansari, S., H., R., & Yousof, H. (2020). A New Compound Version of the Generalized Lomax Distribution for Modeling Failure and Service Times. Pakistan Journal of Statistics and Operation Research, 16(1), 95-107. https://doi.org/10.18187/pjsor.v16i1.2851