Definition
Exponential Distribution
The exponential distribution models waiting times (continuous analogue to the Geometric distribution) with density
given as: for
.
Expected Value
The expectation is given by:
Variance
The variance is given by:
Exponential Distribution
The exponential distribution models waiting times (continuous analogue to the Geometric distribution) with density
given as: for
.
The expectation is given by:
The variance is given by: