Transmuted Mixture Exponential Distribution: Properties and Applications
Keywords:Transmuted distribution, reliability probability, maximum likelihood estimation
Transmutation method is a useful technique to generate flexibility distributions in modeling a particular data set. In this paper, the transmuted mixture exponential (TME) distribution is proposed and studied. We provide a description of the mathematical properties of the subject distribution along with its reliability aspects. Also, we develop the maximum likelihood estimators of the unknown parameters and their corresponding asymptotic confidence intervals. The usefulness of the proposed distribution for modeling data is illustrated using two real data sets.