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Households acquire property through
Exponential Distribution
A probability distribution that describes the time between events in a Poisson process, where events occur continuously and independently at a constant average rate.
Mean
The average value of a set of numbers, calculated by adding all the numbers and dividing by the count of numbers.
Exponentially Distributed
A statistical distribution used to model the time between events in a Poisson process, describing the time until some specific event occurs.
Probability
The assessment of the probability of an event happening.
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