The Exponential Distribution: Time Between Poisson Events

The exponential distribution is the probability distribution that quantifies the probability of a given time between Poisson (rare) events. This video was produced at the University of Washington, and we acknowledge funding support from the Boeing Company %%% CHAPTERS %%% 00:00 Intro 01:09 Defining Exponential Variables 02:22 Continuous Exponential Variables 05:10 Exercises 06:56 Exponential Interval Formula 08:04 The Memoryless Property 09:15 Example: Lightbulb Lifetime 13:40 Example: Radioactive Decay 16:45 Formalizing Memorylessness 18:30 Outro