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Can someone explain how to use/apply the negative exponential distribution pattern?

Can someone explain how to use/apply the negative exponential distribution pattern?

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Answer #1

The exponential distribution is also termed as the negative exponential distribution. It is used in Poisson point process to describe the time between respective events.

The mean, variance and density function of a negative exponential distribution is given as:

The negative exponential distribution is mainly used to describe the inter-arrival times in a Poisson model. It is commonly used in the queuing and game theory to model the service time of various agents in the system (like how long will it take for a cashier to serve a customer in movie theatre, bank, airport, etc.)

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