Statistics
Exponential Distribution Calculator
Find probabilities for an exponential distribution.
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The exponential distribution models waiting times between random events.
The math behind it
P(X ≤ x) = 1 − e^(−λx). The mean (average wait) is 1/λ.
Worked Example
λ 0.5, x 3 → P ≈ 0.777, mean 2.
Frequently Asked Questions
What's the memoryless property?
The chance of waiting more doesn't depend on how long you've already waited.
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