Reliability and Inequality Measures for the Weimal Distribution
Reliability analysis basically deals with the probability of survival or failure (death). This article aimed at discussing both reliability and inequality measures from the Weimal distribution. The work has derived and discussed theoretically, expressions for the survival and hazard function of the Weimal distribution. The ordinary and incomplete moments of the distribution were also obtained. Lastly, some inequality measures for the distribution were derived using the moments of the distribution.
Keywords: Reliability; Inequality measures; Moments; survival function, hazard function, income distribution.