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Random Variable
This refers to a variable where its values are linked to the outputs of unpredictable phenomena.
Exponentially Distributed
Refers to a probability distribution used to model the time between events in a Poisson process, characterized by a constant mean rate.
Random Variable
A variable whose outcomes depend on the results of a random phenomenon, with each outcome having a probability associated with it.
Density Function
A mathematical function that describes the probability distribution of a continuous random variable, giving the likelihood of any value within a range.
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