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- https://stats.libretexts.org/Courses/Fresno_City_College/Introduction_to_Business_Statistics_-_OER_-_Spring_2023/05%3A_Continuous_Random_Variables/5.04%3A_The_Exponential_DistributionTypical questions may be, “what is the probability that some event will occur within the next x hours or days, or what is the probability that some event will occur between x1 hours and \(x_2...Typical questions may be, “what is the probability that some event will occur within the next x hours or days, or what is the probability that some event will occur between x1 hours and x2 hours, or what is the probability that the event will take more than x1 hours to perform?” In short, the random variable X equals (a) the time between events or (b) the passage of time to complete an action, e.g.
- https://stats.libretexts.org/Courses/Saint_Mary's_College_Notre_Dame/BFE_1201_Statistical_Methods_for_Finance_(Kuter)/04%3A_Random_Variables/4.07%3A_The_Exponential_DistributionTypical questions may be, “what is the probability that some event will occur within the next x hours or days, or what is the probability that some event will occur between x1 hours and \(x_2...Typical questions may be, “what is the probability that some event will occur within the next x hours or days, or what is the probability that some event will occur between x1 hours and x2 hours, or what is the probability that the event will take more than x1 hours to perform?” In short, the random variable X equals (a) the time between events or (b) the passage of time to complete an action, e.g.
- https://stats.libretexts.org/Courses/Fresno_City_College/Book%3A_Business_Statistics_Customized_(OpenStax)/05%3A_Continuous_Random_Variables/5.04%3A_The_Exponential_DistributionTypical questions may be, “what is the probability that some event will occur within the next x hours or days, or what is the probability that some event will occur between x1 hours and \(x_2...Typical questions may be, “what is the probability that some event will occur within the next x hours or days, or what is the probability that some event will occur between x1 hours and x2 hours, or what is the probability that the event will take more than x1 hours to perform?” In short, the random variable X equals (a) the time between events or (b) the passage of time to complete an action, e.g.
