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Exponential Random Variable
A type of continuous random variable that is used to model time until an event occurs, with a constant hazard rate.
Exponential Distribution
A continuous probability distribution that describes the times between events in a Poisson process, representing a constant hazard rate.
Density Function
A mathematical function that describes the distribution of a continuous random variable, indicating the probability of the variable falling within a particular range.
Exponentially Distributed
Pertaining to a statistical distribution characterized by a constant rate of decay or growth over time.
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