Estimating hazard rates using appropriate statistical distribution

  • Authors

    • Nermin Fahmy King Abdulaziz University
    2017-12-22
    https://doi.org/10.14419/ijasp.v6i1.8358
  • Density Function, Hazard Rate Function, Makeham Gompertz Distribution, Survival Function, Truncated Extreme Value Distribution.

  • Abstract

    This research deals primarily with the hazard rate function of a class of distributions, and discusses the relation between the hazard rate function, and the density function. It was found that the Makeham-Gompertz mortality distribution and the truncated extreme value distribution had the same hazard rate function. We used the hazard rate function derived from these distributions to find the actuarial functions.

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  • Received date: 2017-09-14

    Accepted date: 2017-10-19

    Published date: 2017-12-22