Derive an expression for the coefficient of variation

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Applied Survival Data Analysis Assignment-

Q1. The exponential distribution is said to posses a "memoryless property". This memoryless property implies that a used unit is just as reliable as one that is new - that there is no wear out. Probabilistically this memoryless property can be stated as

Pr(T > s) = Pr(T > t + s|T > t),

for any s, t > 0. Show that for a continuous random variable, this memoryless property holds if and only if T ∼ EXP(θ).

Exponential ⇒ Memoryless:

Memoryless ⇒ Exponential:

Q2. Suppose T follows Weibull distribution with cdf

Pr(T ≤ t; η, β) = 1 - exp [-(t/η)β], t > 0.

Show that the distribution of Y = ln(T) is smallest extreme value distribution with parameters µ = ln η and σ = 1/β.

Q3. Show that if Y has a SEV(µ, σ) distribution, then -Y has a LEV(-µ, σ) distribution.

Q4. The coefficient of variation, γ2, is a useful scale-free measure of relative variability for a random variable.

a. Derive an expression for the coefficient of variation for the Weibull distribution.

b. Compute γ2 for all combinations of β = 0.5, 1, 3, 5 and η = 50, 100.

Table 1: Coefficient of variation γ2 for Weibull distribution

 

β = 0.5

β = 1

β = 3

β = 5

η = 50

 

 

 

 

η = 100

 

 

 

 

c. Explain the effect that changes in η and β have on the γ2.

Reference no: EM131192248

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