The inverted Topp-Leone distribution is a new, appealing model for reliability analysis. In this paper, a new distribution, named new exponential inverted Topp-Leone (NEITL) is presented, which adds an extra shape parameter to the inverted Topp-Leone distribution. The graphical representations of its density, survival, and hazard rate functions are provided. The following properties are explored: quantile function, mixture representation, entropies, moments, and stress-strength reliability. We plotted the skewness and kurtosis measures of the proposed model based on the quantiles. Three different estimation procedures are suggested to estimate the distribution parameters, reliability, and hazard rate functions, along with their confidence intervals. Additionally, stress-strength reliability estimators for the NEITL model were obtained. To illustrate the findings of the paper, two real datasets on engineering and medical fields have been analyzed.
Keywords: Bayesian; entropy; maximum product spacing; new exponential-X; stress–strength reliability.