Abstract
Recently, a lot of new, improved, flexible and robust probability distributions have been developed from the existing distributions to encourage their applications in diverse fields. This paper proposes a new lifetime distribution called the Modified Power function (MPF) distribution, the distribution belongs to the Marshall-Olkin-G family of distribution and it’s an extension of the one parameter Power function distribution. The MPF distribution enjoys a close form distributional expression. Some of its statistical properties including possible transformations are presented. The paper suggests the use of maximum likelihood method of parameter estimation for estimating the parameters of the new distribution. The applicability of the distribution was illustrated with two real data-sets and its goodness-of-fit was compared with that of the Exponential, Weibull, Lindley Exponential, Exponentiated Exponential, Kumaraswamy, Power function and Beta distributions by using the AIC, AICc, CAIC, BIC, HQC, W∗ and A∗...
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