Memoryless Property of Exponential Distribution

The exponential distribution has an interesting memoryless property.

The probability distribution of the remaining time until the event occurs is always the same regardless of the time that passed.

There is no memory in the process. The history is not relevant. The time to next arrival is not influenced by when the last event or arrival occurred.

This property is unique to the exponential and the geometric distributions.

Learn about this in detail in lesson 44. I promise you will never forget it.

Lesson 44 – Keep waiting: The memoryless property of exponential distribution

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Exponential distributions: Waiting Time

Your every day “waiting for” experiences are exponential distributions. I explain how in lesson 43. You will find at least one thing in common.

You will also learn how to derive the probability functions of exponential distribution from first principles.

It is a fun and educational read. Trust me.

Lesson 43 – Wait time: The language of exponential distribution

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You can also follow me on Twitter @realDevineni for updates on new lessons.