Examlex
The ability-to-pay principle says that:
Exponentially Distributed
A probability distribution that characterizes the interval between occurrences in a process where events continually and independently happen at a steady average pace.
Probability Density Function
A function that describes the relative likelihood for a continuous random variable to occur at a given point along a range of possible values.
Exponentially Distributed
Describes the time between events in a Poisson process, where events occur continuously and independently at a constant average rate.
Probability Density Function
A mathematical function that describes the likelihood of different possible outcomes in a continuous random variable.
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