Examlex
Factor; then use fundamental identities to simplify the expression below and determine which of the following is not equivalent.
Exponential Distribution
A probability distribution used to model time until an event occurs, assuming events happen independently at a constant average rate.
Probability
The measure of the likelihood that an event will occur, represented as a number between 0 and 1.
Exponentially Distributed
Pertains to a type of statistical distribution that describes the time between events in a process where events occur continuously and independently at a constant average rate.
Variance
Variance is a statistical measure that represents the dispersion or spread of a dataset by calculating the average of the squared differences from the mean, indicating how much the data points in a set differ from the mean value.
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