Exponential Distribution

                                                                                                                                                 

MBA

Quantitative Analysis for Managerial Applications

ASSIGNMENT

 

Course Code: MMPC-005

Assignment Code: MMPC-005/TMA/JULY/2022 

Coverage : All Blocks

5. Write short notes on any two of the following:- 

(c) Exponential Distribution

Exponential distribution is a continuous probability distribution that models the time between events occurring in a Poisson process, where events occur randomly and independently over time. 

The exponential distribution is characterized by a single parameter, the rate parameter, which determines the shape and scale of the distribution. 

The probability density function (PDF) of the exponential distribution is given by: f(x;λ) = λ * e^(-λx) where x is the time between events, λ is the rate parameter, and e is the base of the natural logarithm.

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