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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.
It is not the first time that we've looked this topic. We also considered linear independence and linear dependence back while we were looking at second order differential equation
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