Browsing Department of Mathematics by Subject "Weibull Distributions"
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Offshore Oil/Gas Lease Bidding and the Weibull Distributions
(University of Texas at ArlingtonDepartment of Mathematics, 1980-03)**Please note that the full text is embargoed** ABSTRACT: It is the purpose of this paper to study the use of the Weibull distribution as an acceptable model for the distribution of the bids on a lease. A multi-sample test ... -
On the Discrimination Between the Lognormal and the Weibull Distributions With Applications to Offshore Oil/Gas Lease Bids
(University of Texas at ArlingtonDepartment of Mathematics, 1980-05)**Please note that the full text is embargoed** ABSTRACT: The competitive sealed bids on an individual offshore oil and gas lease are often assumed to follow a lognormal distribution (Brown, 1969). However, under the ...