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For each historical identification question, define the term and briefly describe its historical significance.
Robert Owen
Density Function
A mathematical function that specifies the probability of a random variable taking on certain values.
Parameter
A quantity that influences the output or behavior of a mathematical function or statistical model, often fixed during the analysis.
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.
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