Offshore Oil/Gas Lease Bidding and the Weibull Distributions

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	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 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