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Some results on the mean residual waiting time of records
Journal article   Peer reviewed

Some results on the mean residual waiting time of records

Mohammad Z. Raqab and Majid Asadi
Statistics (Berlin, DDR), Vol.44(5), pp.493-504
01/10/2010

Abstract

Mathematics Physical Sciences Science & Technology Statistics & Probability
Often, in reliability theory, risk analysis, renewal processes and actuarial studies, mean residual life function or life expectancy plays an important role in studying the conditional tail measure of lifetime data. In this paper, we introduce the notion of the mean residual waiting time of records and present some monotonic and aging properties. Sharp bounds for the mean residual waiting time of records are also investigated.

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