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| === The Exponential Distribution ===
| | #REDIRECT [[The Exponential Distribution]] |
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| The exponential distribution is commonly used for components or systems exhibiting a constant failure rate. It is defined in its most general case by: <br>
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| ::<span class="texhtml">''f''(''t'') = λ''e''<sup> − λ(''t'' − γ)</sup></span>
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| with two parameters, namely <span class="texhtml">λ</span> and <span class="texhtml">γ</span> (this form is also known as the two-parameter exponential). If the location parameter, <span class="texhtml">γ</span>, is assumed to be zero, then the distribution becomes the one-parameter exponential or, <br>
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| ::<span class="texhtml">''f''(''t'') = λ''e''<sup> − λ''t''</sup></span>
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| The exponential distribution and its characteristics are presented in detail in the chapter [[The Exponential Distribution|The Exponential Distribution]].
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| <br>
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