Which of the Following Best Describes the Memoryless Nature of the Exponential

question 59

Multiple Choice

Which of the following best describes the memoryless nature of the exponential distribution?

• A)it ignores any consideration of how long it has been since the last event occurred
• B)it keeps track of everything that has occurred
• C)it ignores any consideration of distance from the last event
• D)it focuses only what has happened since the last two occurrences
• E)a and b

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Definitions:

Unlimited Wants

The economic concept that humans have infinite desires or wishes for goods and services, despite having limited resources.

Invention

The creation of a new product or process, often facilitated by the knowledge of engineering and science.

Engineering

The application of scientific, mathematical, and empirical principles to design, develop, and improve structures, machines, and processes.

Scientific Relationships

The interactions or associations between variables or phenomena as understood through scientific research and experimentation.