The exponential distribution is a continuous probability distribution that describes the time between events in a Poisson point process, where events occur continuously and independently at a constant average rate.
In this context, the probability density function (PDF) of an exponential distribution is given by:
The cumulative distribution function (CDF) is:
What is an exponential distribution?
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What is the lambda parameter in an exponential distribution?
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What is the difference between PDF and CDF in exponential distribution?
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