Transmuted New Weibull-Pareto Distribution and its Applications

Similar documents
Generalized Transmuted -Generalized Rayleigh Its Properties And Application

Transmuted distributions and extrema of random number of variables

Transmuted Exponentiated Gumbel Distribution (TEGD) and its Application to Water Quality Data

Transmuted distributions and extrema of random number of variables

The Burr X-Exponential Distribution: Theory and Applications

The Cubic Transmuted Weibull Distribution

The Inverse Weibull Inverse Exponential. Distribution with Application

The Exponentiated Weibull-Power Function Distribution

Transmuted Pareto distribution

PROPERTIES AND DATA MODELLING APPLICATIONS OF THE KUMARASWAMY GENERALIZED MARSHALL-OLKIN-G FAMILY OF DISTRIBUTIONS

WEIBULL BURR X DISTRIBUTION PROPERTIES AND APPLICATION

New Flexible Weibull Distribution

THE ODD LINDLEY BURR XII DISTRIBUTION WITH APPLICATIONS

The Marshall-Olkin Flexible Weibull Extension Distribution

THE WEIBULL GENERALIZED FLEXIBLE WEIBULL EXTENSION DISTRIBUTION

THE MODIFIED EXPONENTIAL DISTRIBUTION WITH APPLICATIONS. Department of Statistics, Malayer University, Iran

CONSTRUCTING A NEW FAMILY DISTRIBUTION WITH METHODS OF ESTIMATION

Logistic-Modified Weibull Distribution and Parameter Estimation

Another Generalized Transmuted Family of Distributions: Properties and Applications

Some classes of statistical distributions. Properties and Applications

The Gamma Generalized Pareto Distribution with Applications in Survival Analysis

MARSHALL-OLKIN EXTENDED POWER FUNCTION DISTRIBUTION I. E. Okorie 1, A. C. Akpanta 2 and J. Ohakwe 3

A New Flexible Version of the Lomax Distribution with Applications

The Odd Exponentiated Half-Logistic-G Family: Properties, Characterizations and Applications

The Transmuted Weibull-G Family of Distributions

Exponential Pareto Distribution

The Transmuted Marshall-Olkin Fréchet Distribution: Properties and Applications

The transmuted geometric-quadratic hazard rate distribution: development, properties, characterizations and applications

International Journal of Scientific & Engineering Research, Volume 6, Issue 2, February-2015 ISSN

The Kumaraswamy-Burr Type III Distribution: Properties and Estimation

Two Weighted Distributions Generated by Exponential Distribution

Generalized Transmuted Family of Distributions: Properties and Applications

On Five Parameter Beta Lomax Distribution

The Kumaraswamy Transmuted-G Family of Distributions: Properties and Applications

Some Results on Moment of Order Statistics for the Quadratic Hazard Rate Distribution

INVERTED KUMARASWAMY DISTRIBUTION: PROPERTIES AND ESTIMATION

Beta-Linear Failure Rate Distribution and its Applications

THE BETA WEIBULL-G FAMILY OF DISTRIBUTIONS: THEORY, CHARACTERIZATIONS AND APPLICATIONS

The Complementary Exponential-Geometric Distribution Based On Generalized Order Statistics

The Transmuted Generalized Gamma Distribution: Properties and Application

Some Statistical Properties of Exponentiated Weighted Weibull Distribution

Methods for Estimating the Parameters of the Power Function Distribution

Exponential modified discrete Lindley distribution

On Six-Parameter Fréchet Distribution: Properties and Applications

TL- MOMENTS AND L-MOMENTS ESTIMATION FOR THE TRANSMUTED WEIBULL DISTRIBUTION

Further results involving Marshall Olkin log logistic distribution: reliability analysis, estimation of the parameter, and applications

A Marshall-Olkin Gamma Distribution and Process

An Extended Weighted Exponential Distribution

The Compound Family of Generalized Inverse Weibull Power Series Distributions

The gamma half-cauchy distribution: properties and applications

International Journal of Physical Sciences

A GENERALIZED CLASS OF EXPONENTIATED MODI ED WEIBULL DISTRIBUTION WITH APPLICATIONS

The modified Power function distribution

The Distributions of Sums, Products and Ratios of Inverted Bivariate Beta Distribution 1

The Kumaraswamy Gompertz distribution

The transmuted exponentiated Weibull geometric distribution: Theory and applications

Poisson-odd generalized exponential family of distributions: Theory and Applications

Point and Interval Estimation for Gaussian Distribution, Based on Progressively Type-II Censored Samples

Truncated Weibull-G More Flexible and More Reliable than Beta-G Distribution

The modified Power function distribution

The Generalized Odd Gamma-G Family of Distributions: Properties and Applications

The Lomax-Exponential Distribution, Some Properties and Applications

THE FIVE PARAMETER LINDLEY DISTRIBUTION. Dept. of Statistics and Operations Research, King Saud University Saudi Arabia,

A Quasi Gamma Distribution

A Reliability Sampling Plan to ensure Percentiles through Weibull Poisson Distribution

Estimation for generalized half logistic distribution based on records

The Transmuted Topp-Leone G Family of Distributions: Theory, Characterizations and Applications

Topp-Leone Inverse Weibull Distribution: Theory and Application

A NEW WEIBULL-G FAMILY OF DISTRIBUTIONS

Hierarchical Transmuted Log-Logistic Model: A Subjective Bayesian Analysis

PROBABILITY DISTRIBUTIONS

A New Method for Generating Distributions with an Application to Exponential Distribution

A new lifetime model by mixing gamma and geometric distributions useful in hydrology data

Estimation of Inverse Rayleigh Distribution Parameters for Type II Singly and Doubly Censored Data Based on Lower Record Values

A Two Stage Group Acceptance Sampling Plans Based On Truncated Life Tests For Inverse And Generalized Rayleigh Distributions

A New Burr XII-Weibull-Logarithmic Distribution for Survival and Lifetime Data Analysis: Model, Theory and Applications

Characterizations of Transmuted Complementary Weibull Geometric Distribution

Bivariate Weibull-power series class of distributions

Classes of Ordinary Differential Equations Obtained for the Probability Functions of Exponentiated Pareto Distribution

Marshall-Olkin generalized Erlang-truncated exponential distribution: Properties and applications

INFERENCE FOR MULTIPLE LINEAR REGRESSION MODEL WITH EXTENDED SKEW NORMAL ERRORS

Research Article On a Power Transformation of Half-Logistic Distribution

Exact Inference for the Two-Parameter Exponential Distribution Under Type-II Hybrid Censoring

Key Words: survival analysis; bathtub hazard; accelerated failure time (AFT) regression; power-law distribution.

Transmuted Weibull Distribution: A Generalization of the Weibull Probability Distribution

Department of Statistics, School of Mathematical Sciences, Ferdowsi University of Mashhad, Iran.

A Study of Five Parameter Type I Generalized Half Logistic Distribution

MAXIMUM LQ-LIKELIHOOD ESTIMATION FOR THE PARAMETERS OF MARSHALL-OLKIN EXTENDED BURR XII DISTRIBUTION

Step-Stress Models and Associated Inference

The Exponentiated Generalized Gumbel Distribution

Estimation of Stress-Strength Reliability for Kumaraswamy Exponential Distribution Based on Upper Record Values

By Godase, Shirke, Kashid. Published: 26 April 2017

A Mixture of Modified Inverse Weibull Distribution

BINOMIAL MIXTURE OF ERLANG DISTRIBUTION

A new lifetime model by mixing gamma and geometric distributions with fitting hydrologic data

Gumbel Distribution: Generalizations and Applications

On a Generalization of Weibull Distribution and Its Applications

Probability Distributions Columns (a) through (d)

Kybernetika. Hamzeh Torabi; Narges Montazeri Hedesh The gamma-uniform distribution and its applications. Terms of use:

Dr. Devendra Kumar AT: Amity University Sector 125, Noida

Transcription:

Available at http://pvamu.edu/aam Appl. Appl. Math. ISSN: 932-9466 Vol. 3, Issue (June 28), pp. 3-46 Applications and Applied Mathematics: An International Journal (AAM) Transmuted New Weibull-Pareto Distribution and its Applications Areeb Tahir, 2 Ahmad Saeed Akhter, and 3 Muhammad Ahsan ul Haq Abstract Quality Enhancement Cell University of Lahore Lahore, Pakistan Areeb_Tahir@hotmail.com;,2,3 College of Statistical & Actuarial Sciences University of the Punjab Lahore, Pakistan 2 asakhter@yahoo.com; 3 Quality Enhancement Cell National College of Arts Lahore Pakistan ahsanshani36@gmail.com Received: September 22, 27; Accepted: March 6, 28 In this article, a generalization of the new Weibull-Pareto (NWP) distribution is derived. The quadratic equation (QRTM rank transmutation map) studied by Shaw and Buckley (27), has been used to develop the generalization. The proposed distribution includes as special cases with the new Weibull-Pareto distribution (NWP), transmuted Weibull distribution (TW), transmuted Rayleigh (TR) distribution and transmuted exponential (TE) distribution. Various structural properties of the new distribution, including of moments, quantiles, moment generating function, mean deviations, reliability analysis, order statistics and Renyi entropy are derived. The maximum likelihood estimation method has been proposed for the estimation of the parameters of the TNWP distribution. The usefulness of the derived model is illustrated using two data sets and it is proved that TNWP distribution is a better distribution than other distributions based on some goodness of fit measures. Therefore, we conclude that the new model attracts applications in several areas such as engineering, survival data, economics and others. Keywords: Weibull-Pareto distribution; Reliability function; Entropy; Moment generating function; Maximum likelihood estimation MSC 2 No.: 62E5, 62E99 3

AAM: Intern. J., Vol. 3, Issue (June 28) 3. Introduction Several continuous probability distributions have been expansively utilized in literature for modeling of real data sets in numerous areas, such as engineering, economics, biomedical studies and environmental sciences. However, generalized forms of these probability distributions are obviously needed for applied areas. Therefore, in the last few years, several generalized distributions have been proposed based on different modification methods. These modification methods require the addition of one or more parameters to base model which could provide better adaptability in the modeling of real-life data. Numerous generalized families are also proposed by authors for the derivation of new generalized distribution. For example, McDonald- G by McDonald (984), Marshall Olkin generated by Marshall and Olkin (997), beta-g by Eugene et al. (22), transmuted-g by Shaw and Buckley (27), gamma-g (type I) by Ristić and Balakrishnan (22), Weibull-G by Bourguignon et al. (24), Logistic-X by Tahir et al. (26), Odd Log-logistic by Cordeiro et al. (27), Odd Fréchet-G by Haq and Elgarhy (28) and many more (see Tahir and Cordeiro 26) for the derivation of new models. Pareto distribution is power law distribution that originally developed by (Vilfredo Pareto). This distribution is used in the description of social, scientific, geophysical and actuarial and many other types of observable phenomena. Recently some extensions of Pareto distribution are considered. For example, Akinsete et al. (28) introduced beta-pareto distribution with various properties. Shawky and Abu-Zinadah (29) developed exponentiated Pareto distribution, Exponential Pareto Distribution (Al-Kadim and Boshi 23), Kumaraswamy Pareto by Bourguignon et al. (23), Transmuted Pareto distribution by (Merovci and Puka 24) and Weibull-Pareto by (Tahir et al. 26). Further, Nasiru and Luguterah (25) introduced the new Weibull-Pareto (NWP) distribution. The cumulative distribution function (cdf) of NWP distribution is defined as, G(x) = e δ(x ) ;,, δ >. () and its probability density function (pdf) is g(x) = δ (x ) e δ(x ),,, δ >. (2) The shape parameter is, whereas and δ are scale parameters. In this study, we derive subject distribution by utilizing the quadratic rank transmutation map (QRTM) considered by Shaw and Buckley (27) and we drive several mathematical properties of a new generalized distribution. We refer this new distribution as a transmuted new Weibull- Pareto distribution (TNWP) distribution. Using this approach various generalized distributions were generated. For example, Khan and King (23) presented transmuted modified Weibull distribution. Afify et al. (24) studied transmuted complementary Weibull geometric distribution. Merovci (23) studied transmuted Rayleigh distribution. Haq (26) derived transmuted exponentiated inverse Rayleigh distribution, Granzotto et al. ( ) 24transmuted Log- Logistic distribution while Tiana et al. (24) developed the transmuted linear Exponential 3

32 A. Tahir et al. distribution. Haq et al. (26) derived and studied transmuted Power function distribution. Aryal and Tsokos (2) introduced another generalization of the Weibull distribution called transmuted Weibull distribution and Haq et al. (27) derived transmuted Weibull Fréchet distribution. For an arbitrary baseline cdf G(x), Shaw and Buckley (27) defined the TG family with cdf and pdf given by and F (x) = ( + λ) G (x) G 2 (x), λ, (3) f (x) = g(x)[ + λ 2λG(x)], λ, (4) respectively, where λ, f(x) and g(x) are the corresponding pdf s. If we put λ = in (3) and (4) it reduces to the parent model. Rest of the article is prearranged as follows. Section 2 shows the demonstration of the transmuted new Weibull-Pareto (TNWP) distribution and discusses its limiting behavior. In Section 3, reliability behavior of the new model is presented. We derive the statistical properties in Section 4. Expressions of order statistics are derived in Section 5. In Section 6, maximum likelihood method is presented for parameter estimation. To access accuracy of derived distribution, real data applications are given in Section 5 and finally, the concluding remarks are given in the last section. 2. Transmuted New Weibull-Pareto Distribution The TNWP distribution derived from incorporating equations () & (2) into equations (3) and (4). The cdf and pdf of the TNWP are: F TNWP (x) = ( e δ(x ) )( + λe δ(x ) ). (5) f TNWP (x) = δ (x ) e δ(x ) ( λ + 2λe δ(x ) ) ;,, δ >, λ. (6)

AAM: Intern. J., Vol. 3, Issue (June 28) 33 Figure : pdf curves for selected values of parameters The proposed distribution is an extremely adaptable model that approaches to several distinct distributions with the different combination of parameters. The new model has submodels special cases of widely known and unknown probability models. Corollary. We get the following special cases if X is a random variable specifying with pdf of TNWP No. Reduced Model Parameters δ λ Author NWP δ Nasiru and Luguterah (25) 2 TME δ λ New 3 TMR 2 δ λ New 4 ME δ New 5 MR 2 δ New 6 TW λ Aryal and Tsokos (2) 7 W Waloddi Weibull (95) 8 TE λ Shaw et al.(27) 9 TR 2 λ Merovci, F. (23) R 2 Lord Rayleigh (88) 33

34 A. Tahir et al. Lemma 2.. Limiting behavior of pdf of TNWP distribution for x,, <, lim δ TNWP(x) = { ( + λ), x =,, <, and limiting behavior of pdf of TNWP distribution for x, lim x f TNWP (x) =, for all. 3. Reliability Analysis In this section, reliability analysis such as survival function (sf) and hazard function (hf) of TNWP are studied. 3.. Survival Function Survival function is the likelihood that a system will survive beyond a specified time. Reliability function of the TNWP denoted by S TNWP (x), can be derived as S TNWP (x) = F TNWP (x), S(x;,, δ, λ) = e δ(x ) ( λ + λe δ(x ) ). (7) 3.2. Hazard Rate Function Hazard function can be defined as a conditional density, given that the event has not yet occurred prior to time t. Hazard function of the TNWP is derived by h TNWP (x) = f TNWP (x)/ R TNWP (x), h TNWP (x) = δ (x ) ( λ+2λe δ(x ) ) ( λ+λe δ(x ) ). (8) The pattern of hazard function with different values of parameters,, δ and λ is illustrated in Figure (2)

AAM: Intern. J., Vol. 3, Issue (June 28) 35 Figure 2: Hazard curves for selected parameter values From the above figure of hazard function, the following can be perceived: ) When >, hazard function is an increasing function of x. So, in this case, TNWP is right for modeling the components wears speedier per time t. 2) When <, hazard function is a decreasing function of x, means TNWP is right for modeling the components wears slowly per time t. 3) When = and λ =, hazard rate function is constant. So, TNWP is also be used for modeling the components with constant hazard rate. 4. Some Structural Properties 4.. Moments The rth non-central moments of TNWP is defined by: Proof: E(X r ) = r r δ Γ ( +r r ) ( λ + λ2 ). (9) E(X r ) = x r δ (x ) e δ(x ) ( λ + 2λe δ(x ) ) dx. = ( λ) x r δ (x ) e δ(x ) Consider first integral of () dx + λ 2x r δ (x ) e 2δ(x ) dx. () 35

36 A. Tahir et al. I = x r δ (x ) e δ(x ) dx. Making substitution We have t = δ ( x ), dt = δ I = ( ( t ) δ = r r δ ) r e t dt. (t) r e t dt. (x ) dx. = r r δ Γ ( +r ). () Similarly, for second integral part of () I 2 = 2x r making substitution δ (x ) e 2δ(x ) dx, t = 2δ ( x ), dt = 2 δ (x ) dx. We have I 2 = ( ( t 2δ ) ) r e t dt. = r (2δ) r (t) r e t dt. = r (2δ) r Γ ( +r ). (2) Substituting () and (2) in (), we get E(X r ) = r r δ + r r Γ ( ) ( λ + λ2 ).

AAM: Intern. J., Vol. 3, Issue (June 28) 37 When r =, If r = 2, E(X) = δ Γ ( + ) ( λ + λ2 ). E(X 2 ) = 2 2 δ Γ ( + 2 2 ) ( λ + λ2 ). So, the variance is can be presented as Var(X) = 2 2 δ [Γ ( + 2 2 ) ( λ + λ2 ) {Γ ( + ) ( λ + λ2 2 )} ]. 4.2. Incomplete Moments For TNWP, rth incomplete moment is defined by Proof: M r (z) = r r δ z M r (z) = x r Making substitution [( λ)γ ( +r δ z = ( λ) x r r, δ (z ) ) + λ2 ( +r, 2 δ (z ) )]. (3) (x ) e δ(x ) ( λ + 2λe δ(x ) ) dx. δ (x ) e δ( x z ) dx + λ 2x r δ (x ) e 2δ( x ) dx. t = δ ( x ), dt = δ (x ) dx and x = ( t δ ). If x =, t = and if x = z, t= δ ( z ), and further simplifying, we have M r (z) = r r δ + r [( λ)γ ( 4.3 Moment Generating Function, δ (z ) r ) + λ2 γ ( For TNWP, moment generating function (mgf) is defined by + r, 2 δ (z ) )]. 37

38 A. Tahir et al. Proof: M x (t) = ti i= i i δ Γ ( +i i ) ( λ + λ2 ). (4) i! By definition M x (t) = E(e tx ) = e tx δ (x ) e δ(x ) ( λ + 2λe δ(x ) ) dx. Using Taylor series M x (t) = ( + tx! + t2 x 2 + + tn x n 2! n! + ) f(x)dx = ti i! i= E(X i ). M x (t) = ti i! i= i i δ Γ ( + i i ) ( λ + λ2 ). 4.4. Quantile Function and Random Number Generation By inverting the cumulative distribution function, the quantile function for TNWP is derived as Q(ς) = { δ ln ( 2λ )} ( λ)+ ( λ) 2 4λ(q ) We will obtain the distribution median by setting ς =.5 in (5) Q(.5) = { δ ln ( 2λ ( λ) + + λ )} 2. (5) The random number x of the TNWP(x,,, δ, λ) is defined by the following relation F TNWP (x) = ζ, where ζ~ (, ), then. ( e δ(x ) ) ( + λe δ(x ) ) = ζ. Solving for x, we have X = { δ ln ( 2λ )} ( λ)+ ( λ) 2 4λ(q ). (6)

AAM: Intern. J., Vol. 3, Issue (June 28) 39 4.5. Mean deviation For the TNWP, the mean deviation about mean can be defind as E( x μ ) = x μ f(x) So, we have µ dx = 2µF(µ) 2 xf(x) dx. E( x μ ) = 2δ [Γ ( + ) ( e δ(µ ) ) ( + λe δ(µ ) ) ( λ + λ2 ) {( λ )γ ( +, δ (µ ) ) + λ(2) γ ( +, 2 δ (µ ) )}]. (7) The mean deviation about median of the distribution is given by E( x m ) = x m f(x) m dx = μ 2 xf(x) dx. = δ [Γ ( + ) ( λ + λ2 ) 2 {( λ )γ ( +, δ (m ) ) + λ(2) γ ( +, 2 δ (m ) )}]. (8) 4.6. Rényi entropy For TNWP, the Rényi entropy can be obtained using the expression. I(α) = α log [ fα (x) dx]. where α is the order of the entropy measure Now, f α (x) = [ δ = [( λ) δ f α (x) = ( λ) α ( δ ) α α (x ) e δ(x ) ( λ + 2λe δ(x ) )]. (x ) e δ(x ) + 2λ δ α (x ) e 2δ(x ) ]. ( x ) α( ) e αδ(x ) + (2λ) α ( δ ) α ( x ) α( ) e 2αδ(x ). f α (x) = [( λ) α ( x )α( ) e αδ(x ) dx + (2λ) α ( x )α( ) e 2αδ(x ) dx]. 39

4 A. Tahir et al. Making substitution t = δ ( x ), x = ( t ) and dx = ( t ) dt. αδ αδ αδ and get the expression = ( δ ( α) ) ( α )α( )+ Γ (α α + ) {( λ)α + (λ) α ( 2 ) So the final expression of renyi entropy is, ( α) }. I(α) = α log [( δ ( α) ) ( α )α( )+ Γ (α α + ) {( λ)α + (λ) α ( 2 ) ( α) }]. (9) 5. Order Statistics Let a random sample of size n, and X, X 2,..., Xn from TNWP(x,,, δ, λ) having cumulative distribution function and the corresponding probability density function, as in (5) and (6), correspondingly. Then random variables X (), X (2),, X (n) are refereed the order statistics has probability density function of the rth order statistic, X (r), as f X(r) (x) = n! (r )! (n r)! f X(x)[F X (x)] r [ F X (x)] n r, for r=,2,3,,n. rth order statistic pdf for TNWP is f X(r) (x) = n! (r )!(n r)! e δ(x ) r ( λ + λe δ(x ) ) [( e δ(x ) ) ( + λe δ(x ) )] [( n r λ )e δ(x ) + λe 2δ(x ) ]. (2) Largest order statistic pdf for TNWP is f X(n) (x) = n δ (x ) e δ(x ) n ( λ + λe δ(x ) ) [( e δ(x ) ) ( + λe δ(x ) )], (2) and smallest order statistic pdf for TNWP is

AAM: Intern. J., Vol. 3, Issue (June 28) 4 f X() (x) = n δ (x ) e δ(x ) n ( λ + 2λe δ(x ) ) [( λ + λe δ(x ) )]. (22) 6. Maximum Likelihood Estimation Consider the random sample x, x 2,.., xn of size n from TNWP)x,,, δ, λ) with probability density function in (6). Let X~TNWP)x,,, δ, λ) and let ),, δ, λ) T is the vector of the distribution parameters. The log-likelihood function of TNWP for ),, δ, λ) T can be defined as L(x, x 2,, x n,,, δ, λ) = f TNWP (x,,, δ, λ). L = n δ n n i= n n (x i i= ) e δ n (x i ) So, we have log-likelihood function Ł = lnl i= ( λ + 2λe δ(x i n ) i= ). (23) n Ł = n(ln + ln δ ln ) + ( ) ln ( x i ) δ (x i i= i= ) + i= ln ( λ + 2λe δ(x i ) ). (24) Differentiating equation (2) on,, δ & λ then equating to zero, MLEs of,, δ and λ are attained n n Ł = n + δ n (x i i= ) + 2λδ x ( i ) e δ( x i ) n λ+2λe δ(x i ) i= =. (25) x i ) ( x i Ł = n + n [ δ (x i ) ] ln ( x i ) n i= 2λδ e δ( i= =. (26) ) ln( x i ) λ+2λe δ(x i ) Ł n n e δ(x i ) ( x i ) = n δ δ (x i i= ) 2λ i= =. (27) λ+2λe δ(x i ) δ( x i Ł = n 2e ) λ i= =. (28) λ+2λe δ(x i ) The maximum likelihood estimators (,,δ,λ ) T of TNWP can be found by equating (22) - (25) to zero and these equations are not expressed in close form. So, iterative methods must be employed to find the value of parameters that solves" this equation )22) - (25). The solution of 4

42 A. Tahir et al. these equation will yield the maximum likelihood estimators,, δ and λ of TNWP. All derivatives of second order exist for four parameters of new transmuted Weibull Pareto distribution TNWP)x,,, δ, λ) pdf. 7. Application We compare our proposed distribution with the new Weibull-Pareto distribution (NWP), the Kumaraswamy Pareto distribution (Kw-P), the transmuted Pareto distribution (TP) and the Pareto Distribution (P). By utilizing the maximum likelihood method, we estimate distribution parameters. The goodness of fit measures including the minus log-likelihood function (-LL), Akaike information criterion (AIC), Bayesian information criterion (BIC) and consistent Akaike information criterion (CAIC) are calculated to make a comparison among the fitted distributions. Generally, the lesser values of the above-mentioned measures, the better and the most appropriate fit to the information data set. Data Set : This data set is based on exceedances of flood peaks )in m3/s) of the Wheaton River near Carcross in Yukon Territory, Canada. For years 958 984. This information set contains 72 exceedances. Pereira et al. (22) and Merovcia et al. (24) analyzed this data. Data Set 2: The Floyd River located in James USA is used as a third data set. The Floyd River flood rates for years 935 973. The descriptive statistics of both data sets is given in Table. Table : Descriptive statistics Min. Q Median Mean Q3 Max. Data-. 2.25 9.5 2.2 2.2 64. Data-2 38 59 357 677 6725 75 The maximum likelihood estimates and the goodness of fit measures are computed by R software which is presented in the table below.

AAM: Intern. J., Vol. 3, Issue (June 28) 43 Table 2: Comparison of maximum likelihood estimates for Data- Model ML Estimates SE -2LL AIC CAIC BIC =.895296.855 TNWP δ =.29834.72399 =.225537.62952 52.99 5.99 5.588 52.97 λ =-.32583.383984 NWP TP Kw-p P =.6742 δ =.6776 =.2524 a=.34994 λ=-.95242 x =min(x)=. a=2.8553 b=85.84682 k=.5284 x =. a=.243863 x =..957.3732.7527.358.47363 -.337 6.42.85-56.73 52.73 52.526 59.3 572.42 576.42 576.576 58.955 542.4 548.4 549. 555.3.28739 66.28 68.28 68.85 6.45 Table 3: Comparison of maximum likelihood estimates for the Data-2 Model ML Estimates SE -2LL AIC CAIC BIC =.895296.855 TNWP δ =.29834.72399 =.225537.62952 76.94 768.94 768.527 767.52 λ =-.32583.383984 NWP Kw-p EP P =.82545 δ =.3573 =5.5559 a=.585 λ=.9 x =min(x)=38 a=.547 b=66.333 k=.2489 x =38 a=.42 x =38.894.284 4.28728.72.89.344.4786.7744-764.87 77.87 77.4 772.34 77.698 776.698 777.4 778.25 778.577 784.577 785.262 789.567.66 785.69 789.69 789.953 792.947 43

Density e+ 2e-5 4e-5 6e-5 8e-5 e-4 44 A. Tahir et al. TNWP NWP Transmuted Pareto kw-pareto Pareto 2 4 6 8 Figure 3: Estimated pdfs (data-) Flood Peaks Exceedances Figure 4: Estimated pdfs (data-2) The comparison has been made for TNWP model with NWP, Kw-P, TP and Pareto models in Tables (3) and (4). These tables show that our new TNWP having least -2LL, AIC, CAIC and BIC values as compared to all other known distributions. So, we can say that TNWP can be selected as top distribution for given data sets. Moreover, estimated pdf plots of all fitted distributions also show the similar results. Finally, it can be concluded that our new model transmuted new Weibull-Pareto distribution gives a better fit and hence can be picked as the best distribution model for all two sets of data. 8. Conclusion We proposed and studied a new lifetime distribution. The derived model is flexible with variable hazard rate. The Shapes of hazard rate function indicates that the new developed model is a competitive model for other probability models having constant, increasing and decreasing failure rate. Moreover, TNWP has special cases, which style it of divergent statistical significance from other models. We used two real data sets for application purpose. The derived model is more flexible and give better fit than well-known existing models. So, we can conclude that our new distribution can be used an alternative models for moddling in various areas. For example, engineering, failure analysis, survival analysis, weather forecasting, extreme value theory, economics (income inequality) and others. REFERENCES Afify, A. Z., Nofal, Z. M. and Butt, N. S. (24). Transmuted Complementary Weibull Geometric Distribution. Pak.J.Stat.Oper.Res, (4), 435-454. Shawky, A. I. and Abu-Zinadah, H. H. (29). Exponentiated Pareto distribution: Different methods of estimations. Int. J. Contemp. Math. Sci., 4, 677-693. Akaike, H. (974). A new look at the statistical model identification. IEEE transactions on automatic control, 9(6), 76-723. Akinsete, A., Famoye, F. and Lee, C. (28). The beta-pareto distribution. Statistics. A Journal of Theoretical and Applied Statistics, 42(6), 547 563.

AAM: Intern. J., Vol. 3, Issue (June 28) 45 Aryal, G. R., Tsokos, C. P. (29). On the transmuted extreme value distribution with application. Nonlinear Analysis: Theory, Methods & Applications, 7(2), 4 47. Aryal, G. R. and Tsokos, C. P. (2). Transmuted Weibull distribution: A Generalization of the Weibull Probability Distribution. European Journal of Pure and Applied Mathematics, 4(2), 89-2. Bourguignon, M., Silva, R. B., Zea, L. M., and Cordeiro, G. M. (22). The Kumaraswamy Pareto distribution. Journal of Statistical Theory and Applications, 2(2), 29-44 Bourguignon, M., Silva, R. B., and Cordeiro, G. M. (24). The Weibull-G family of probability distributions. Journal of Data Science, 2(), 53-68. Cordeiro, G. M., Alizadeh, M., Ozel, G., Hosseini, B., Ortega, E. M. M., and Altun, E. (27). The generalized odd log-logistic family of distributions: properties, regression models and applications. Journal of Statistical Computation and Simulation, 87(5), 98-932. Eugene, N., Lee, C., and Famoye, F. (22). Beta-normal distribution and its applications. Communications in Statistics-Theory and methods, 3(4), 497-52. Granzotto, D. C. T. and Louzada, F. (24). The Transmuted Log-Logistic Distribution: Modeling, Inference, and an Application to a Polled Tabapua Race Time up to First Calving Data. Commun. Statist. Theor. Meth, 44(6), 3387-342. Geller, M., and Ng, E. W. (969). A table of integrals of the exponential integral. Journal of Research of the National Bureau of Standards, 7, -2. Haq, M. A. (26). Transmuted Exponentiated Inverse Rayleigh Distribution. Journal of Statistics Applications & Probability, 5(2), 337-343. Haq, M. A., & Elgarhy, M. (28). The Odd Fréchet-G Family of Probability Distributions. Journal of Statistics Applications & Probability, 7(), 89-23. Haq, M. A., Butt, N. S., Usman, R. M., and Fattah, A. A. (26). Transmuted Power Function Distribution. Gazi University Journal of Science, 29(), 77-85. Hurvich, C. M., & Tsai, C. L. (989). Regression and time series model selection in small samples. Biometrika, 76(2), 297-37. Khan, M. S., and King, R. (23). Transmuted modified Weibull distribution: A generalization of the modified Weibull probability distribution. European Journal of Pure and Applied Mathematics, 6, 66-88. Marshall, A. W., and Olkin, I. (997). A new method for adding a parameter to a family of distributions with application to the exponential and Weibull families. Biometrika, 84(3), 64-652. Merovci, F. (23). Transmuted Rayleigh distribution. Austrian Journal of Statistics, 42(), 2-3. Merovcia, F., and Pukab, L. (24). Transmuted Pareto distribution. ProbStat Forum, 7, - Nasiru, S. and Luguterah, A. (25). The new Weibull-Pareto distribution. Pak.J.Stat.Oper.Res, (), 3-4. Ristić, M. M., and Balakrishnan, N. (22). The gamma-exponentiated exponential distribution. Journal of Statistical Computation and Simulation, 82(8), 9-26. Schwarz, G. (978). Estimating the dimension of a model. The annals of statistics, 6(2), 46-464. Shaw, W. And Buckley, I. (27). The alchemy of probability distributions: beyond Gram- Charlier expansions and a skew kurtotic- normal distribution from a rank transmutation map. Research report. 45

46 A. Tahir et al. Shawky, A. I., and Abu-Zinadah, H. H. (29). Exponentiated Pareto distribution: different method of estimations. Int. J. Contemp. Math. Sci, 4(4), 677-693. Tahir, M. H., Cordeiro, G. M., Alzaatreh, A., Mansoor, M., and Zubair, M. (26). A new Weibull Pareto distribution: properties and applications. Communications in Statistics- Simulation and Computation, 45(), 3548-3567. Tahir, M. H., Cordeiro, G. M., Alzaatreh, A., Mansoor, M., & Zubair, M. (26). The Logistic-X family of distributions and its applications. Communications in Statistics-Theory and Methods, 45(24), 7326-7349. Tiana, Y., Tiana, M. and Zhua, Q. (24). Transmuted Linear Exponential Distribution: A New Generalization of the Linear Exponential Distribution. Communications in Statistics- Simulation and Computation, 43(9), 266-2677.