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On some Classical Properties of the Mixture of Burr XII and Lomax Distributions |
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PP: 173-181 |
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Author(s) |
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Muhammad Daniyal,
Muhammad Rajab,
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Abstract |
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The BurrXII and Lomax distributions are the most widely and important distributions used for life time purpose and for
modeling the business failure time data. Burr XII distribution is mainly used to explain the allocation of wealth and wages among the
people of the particular society. And Lomax is used to model the business failure time data. It is a transformed shape of Pareto
distribution. In this research paper, the properties of the mixture of burr XII and Lomax distributions have been given. Classical
properties such as Cumulative distribution function, failure rate, hazard rate, odd function, inverse hazard function and the cumulative
hazard function, , rth moment, , moments, mean and variance have been derived. |
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