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EXPONENTIAL DISTRIBUTION
Recent Articles in Mathematics
λ (lambda) in Poisson distribution
In probability theory and statistics, λ (lambda) is a parameter used to represent the average rate or average number of events occurring in a fixed interval in the context of a Poisson distribution.
Mastering Probability Theory: A Comprehensive Guide to Random Variable
Probability theory is a fascinating subject that has many applications in the real world. Understanding the basics of random variables and probability distributions is essential for anyone working in a field that deals with uncertainty. By mastering probability theory, you can make better decisions and improve your ability to analyze and interpret data.