The Exponential Distribution describes the probability distribution of the amount of time it takes before an event occurs. In a way, it solves the inverse of the problem solved by the Poisson ...

The exponential distribution is simulated in R with rexp(n, lambda) where lambda is the rate parameter. The mean of exponential distribution is 1/lambda and the standard deviation is also 1/lambda. We ...

Abstract: The generalized lambda distribution family fits the probability distributions of a wide variety of data sets, including the most important distributions encountered in the measurement ...