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Exponential Distribution Simply Explained

Towards Data Science

A succinct explanation of the Exponential Distribution and its origins. Continue reading on Towards Data Science

What is Exponential Distribution

Towards Data Science

Is the exponential parameter λ the same as λ in Poisson? Remember that 0.25 is not a time duration, but it is an event rate, which is the same as the parameter λ in a Poisson process.

Questions That You Can Answer Using Exponential Distribution

Towards Data Science

Answers to why do we use exponential distribution, what is the exponential distribution used for and how do you solve exponential distribution problems?

Gamma Distribution Simply Explained

Towards Data Science

An explanation of the Gamma Distribution and its origins Continue reading on Towards Data Science

Sum of Exponential Random Variables

Towards Data Science

👉 We find the CDF and differentiate it. (We have already used this technique many times in previous posts.) There are two main tricks used in the above CDF derivation. One is marginalizing X1 out…

Probability Distribution

Towards Data Science

I’m a data scientist for a mobile application. As a data scientist, you will often draw a random sample from the population to conduct experiments or analyses. With the random sample, you make…

Compound interest and the exponential distribution

Towards Data Science

Your mortgage is memory-less and so is the exponential distribution Continue reading on Towards Data Science

Distribution of a single variable

Analytics Vidhya

It is customary to refer to the raw numbers as data and the output of data analysis as information. You start with the data, and you hope to end with information that an organization can use for…

The Poisson Distribution

Analytics Vidhya

Mylie has been averaging 3 hits for every 10 times at bat. What is the probability that she will get exactly 2 hits in her next 5 times at bat? How do we go about calculating the probability of this…

Chapter 5 Modeling distributions

Think Stats

The distributions we have used so far are called empirical distributions because they are based on empirical observations, which are necessarily finite samples. The alternative is an analytic distribu...

Geometric Distribution Simply Explained

Towards Data Science

A simple description and uses of the Geometric distribution Continue reading on Towards Data Science

Modeling Exponential Growth

Towards Data Science

With the current outbreak of the Coronavirus going on, we hear a lot about Exponential Growth. In this article, I show how to understand and analyze Exponential Growth. If you want to follow along…