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One of the significant improvements during the industrial revolution was in the area of transportation.
Exponential Distribution
A probability distribution used to model the time between events in a Poisson process, describing the times between events in a continuous but rare occurrence.
Poisson Probability
The probability of a given number of events happening in a fixed interval of time or space if these events occur with a known constant mean rate and independently of the time since the last event.
Successive Arrivals
The sequence in which entities arrive one after another, often analyzed in queue theory and time-series analysis.
Continuous Random Variables
Variables that can take an infinite number of values within a given range.
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