Exponential Distribution and the Memoryless Property Explained Simply
4:19
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Exponential Distribution and the Memoryless Property Explained Simply
Have you ever felt that the longer you wait for a bus, the "closer" it must be to arriving? For certain natural processes, the universe simply doesn't care. In this video, we explore the Exponential Distribution and its unique "Memoryless" Property.We explain the math behind $\lambda$ (Lambda) and prove why, for things like Radioactive Decay ...
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