On Flexibility of Inverse Lomax-Lindley distribution
Keywords:
Entropy Inverse, Lomax-Lindley distribution, Inverse Lomax, Rayleigh Monte Carlo, Simulation Inverse, Lomax Inverse, Lomax-G FamilyAbstract
Communication in Physical Sciences, 2021, 7(4): 398-410
Authors: J.Y. Falgore*, M. Sirajo, A. A. Umar, M. A. Aliyu
Received:07 September 2021/Accepted 30 November 2021
In this work, a new extension of the Inverse Lomax family of distribution called Inverse Lomax Lindley (IL-L) distribution is proposed. Different properties of the new distribution are derived including moments, moment generating function, Renyi entropy, Shanon entropy, and order statistics. The performances of the maximum likelihood estimates of the parameters of the Inverse Lomax-Lindley distribution were evaluated through a simulation study. Application of the IL-L distribution to two real-life data sets has proved its flexibility.
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