Shapes of the Transmuted Kumaraswamy Pareto Distribution for Varying Parameter Values
Keywords:R-program, Transmutation, Kumaraswamy Distribution, Pareto Distribution
In this study, a new generalization of the Pareto distribution is undertaken, by first generalizing the Pareto distribution using the Kumaraswamy method and thereafter transmuting the resulting Kumaraswamy Pareto distribution. A detailed account of the general mathematical properties of the new generalized distribution is presented. The shapes of the Transmuted Kumaraswamy Pareto Density were plotted using R-program. The results show the superiority of the Transmuted Kumaraswamy Pareto distribution over the one parameter Pareto distribution.
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