
This is part of a short series on the common life data distributions.
The Exponential distribution is popular and useful in isolated situations. It has some nice features and flexibility that support it’s popularity. This short article focuses on 7 formulas of the Exponential Distribution.
If you want to know more about fitting a set of data to a distribution, well that is in another article.
It has the essential formulas that you may find useful when answering specific questions. Knowing a distribution’s set of parameters does provide, along with the right formulas, a quick means to answer a wide range of reliability related questions. [Read more…]