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During the revision process, it is important to:
Poisson Model
A statistical model used to predict the count of events that happen independently and with a known constant mean rate.
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.
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