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Offshore Oil/Gas Lease Bidding and the Weibull Distributions

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Offshore Oil/Gas Lease Bidding and the Weibull Distributions

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dc.contributor.author Dyer, Danny D. en
dc.date.accessioned 2010-06-02T20:22:27Z en
dc.date.available 2010-06-02T20:22:27Z en
dc.date.issued 1980-03 en
dc.identifier.uri http://hdl.handle.net/10106/2238 en
dc.description.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 procedure of the Weibull-bids hypothesis will be given and implemented to show that the Weibull distribution provides a better statistical fit than does the lognormal distribution for the group of 13-, 14-, 15-, and 16-bid leases. en
dc.language.iso en_US en
dc.publisher University of Texas at Arlington en
dc.relation.ispartofseries Technical Report;126 en
dc.subject Multi-sample test en
dc.subject Lognormal distribution en
dc.subject Homogeneity of variances en
dc.subject Sealed bids en
dc.subject Weibull Distributions en
dc.subject.lcsh Mathematics Research en
dc.title Offshore Oil/Gas Lease Bidding and the Weibull Distributions en
dc.type Technical Report en
dc.publisher.department Department of Mathematics en

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