Motivated by the paper of Dandekar (1955), a one-urn model with Polya-Eggenberger sampling scheme is developed, which yields a large number of discrete distributions, including the Dandekar's modified binomial distribution, as particular cases. The model is further modified to some new generalized distributions of order k. Some probable applications of these models were discussed in Dandekar (1955) and Feller (1968) in fields of fertility study and radioactivity. It also has applications in premium determination in insurance sector.
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King Abdulaziz Univ, Fac Appl Studies, Dept Gen Required Courses, Math, Jeddah 21589, Saudi Arabia
King Abdulaziz Univ, Fac Sci, Dept Math, Operator Theory & Applicat Res Grp, Jeddah 21589, Saudi ArabiaKing Abdulaziz Univ, Fac Appl Studies, Dept Gen Required Courses, Math, Jeddah 21589, Saudi Arabia
Mohiuddine, Syed Abdul
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Kajla, Arun
Alotaibi, Abdullah
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King Abdulaziz Univ, Fac Sci, Dept Math, Operator Theory & Applicat Res Grp, Jeddah 21589, Saudi ArabiaKing Abdulaziz Univ, Fac Appl Studies, Dept Gen Required Courses, Math, Jeddah 21589, Saudi Arabia