DagumDistribution can be used to model incomes:
Adjust part-time to full-time and select nonzero values:
Fit Dagum distribution into the data:
Compare the histogram of the data to the PDF of the estimated distribution:
Find the average income at a large state university:
Find the probability that a salary is at most $150000:
Find the probability that a salary is at least $150000:
Find the median salary:
Simulate the incomes for 100 randomly selected employees of such a university:
DagumDistribution can be used to model state per-capita incomes:
Fit a Dagum distribution into the data:
Compare the histogram of the data to the PDF of the estimated distribution:
Find the average income per capita:
Find states with income close to the average:
Find the median income per capita:
Find states with income close to the median:
Find the log-likelihood value:
Compare with the fit using
BetaPrimeDistribution:
Compare with the fit using
DavisDistribution:
Compare with the fit using
LogLogisticDistribution:
DagumDistribution can be used to model size; consider the depth (in mm) of leptograpsus crabs:
Fit a Dagum distribution into the data:
Compare the histogram of the data with the PDF of the estimated distribution:
Find the average depth of a crab:
Find the probability that a crab is deeper than 15 mm:
Simulate depths of 30 crabs:
DagumDistribution can be used to model waiting times:
Fit a Dagum distribution to the data:
Compare the histogram of the data with the PDF of the estimated distribution:
The fit is almost as good as the one with
ExponentialDistribution:
Find the average number of days between major earthquakes:
Find the probability that there are at least 200 days between two serious earthquakes: