Examlex
In the previous three problems, the solution for is
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.
Exponential Distribution
A probability distribution that describes the time between events in a process where occurrences happen at a constant rate.
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