Abstract

Quantile functions are equivalent alternatives to distribution functions in modeling and analysis of statistical data. The present article discusses the role of quantile functions in reliability studies. We present the hazard, mean residual, variance residual, and percentile residual quantile functions, their mutual relationships and expressions for the quantile functions in terms of these functions. Further, some theoretical results relating to the Hankin and Lee (2006) lambda distribution are discussed.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call