Examlex
Which of the following is a function performed by market prices?
Exponential Distribution
A continuous probability distribution used to model the time between events in a process with a constant rate.
Probability
The mathematical analysis of events governed by chance, quantifying how likely they are to happen.
Exponential Distribution
A probability distribution used to model the time between events in a Poisson process, characterized by a constant rate parameter.
Probability
Probability is a measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
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