Statistical modeling of wastage using the beta distribution

Ebuh G. U., . (2012) Statistical modeling of wastage using the beta distribution. African Journal of Mathematics and Computer Science Research, 5 (8). ISSN 20069731

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Abstract

This work attempts to fit a set of observed industrial wastage to the beta distribution using the Chi-square goodness of fit test and it was found to fit the beta distribution at 1% significance level. The mean and the variance of the wastage proportion were found to be 0.429 and 0.0395, respectively. The parameters of the beta distribution were α = 2.25 and β = 2.97. The skewness of the beta distribution is 0.286 confirming the claim that the distribution is skewed to the right whenever β > α and the distribution is a unimodal distribution since α and β is greater than 1.

Item Type: Article
Subjects: Digital Open Archives > Mathematical Science
Depositing User: Unnamed user with email support@digiopenarchives.com
Date Deposited: 18 Apr 2023 05:55
Last Modified: 05 Jul 2024 07:39
URI: http://geographical.openuniversityarchive.com/id/eprint/915

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