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Exponential Random Variable
A type of continuous random variable often used to model the time between events in a process with a constant rate.
Exponential Distribution
A probability distribution that describes the time between events in a Poisson process, modeling the occurrence of events over time.
Density Function
A mathematical expression that represents the distribution probability of a continuous random variable.
Y-intercept
The point at which a line or curve crosses the y-axis of a graph, indicating the value of the dependent variable when the independent variable is zero.
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