21 The Exponential Distribution
distribution if it has probability density function f X(x|λ) = ˆ λe−λx for x>0 0 for x≤ 0, where λ>0 is called the rate of the distribution. In the study of continuous-time stochastic processes, the exponential distribution is usually used to model the time until something hap-pens in the process. The mean of the Exponential(λ ...
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