Negative Exponential Statistical Distribution
- The Negative Exponential distribution has an inverted curve from the y-axis to the x-axis.
- Unlike Gamma distribution which involves two parameters, the Negative Exponential distribution involves only one parameter, and is thus easier to handle compared to the aforementioned.
Range of values:
0 < x < ∞
Mean = mean
Standard Deviation, SD:
SD = mean
Negative Exponential distributions are used in a wide variety of operations, including but not limited to; calculating the time required to complete a certain task, calculating inter-arrival time & calculating the time between failures.
Negative Exponential Statistical Distribution – Statistical Distributions
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