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Exponential Distribution
 

The exponential distribution is a continuous probability distribution. It is represented by:

exponential equation

The exponential distribution is closely related to the Poisson distribution, and is also used for reliability engineering. It models situations where the failure rate is constant. This occurs in the 'useful life' phase, when the item concerned will operate until it is affected by some external factor.

exponential distribution

An example would be tire punctures. Most punctures are caused by objects on the road and the likelihood of a puncture is constant as long as the tread is not badly worn, at which time the tire is hopefully discarded.

 

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