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Q. Illustrate Exponential Distribution?
Ans.
These are two examples of events that have an exponential distribution:
The length of time you wait at a bus stop for the next bus.
The length of time a scientist waits with a Geiger counter until a radioactive particle is recorded.
The exponential distribution occurs when events comply with the following requirements:
Requirements
Events occur randomly over time according to the following:
1. Independence - the number of occurrences in non-overlapping intervals are independent.
2. Individuality - events don't occur too close to each other (i.e. in a short amount of time the probability of 2 or more occurrences is zero.)
3. Uniformity - there is a constant rate at which occurrences occur.
If X represents the length of time we wait for the first occurrence, then X has an exponential distribution.
9:59-10:45
Patrick gets paid three dollars less than four times what Kevin gets paid. If the number of dollars which Kevin gets paid is represented through x, what does Patrick get paid?
how to find the indicated term?
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