Modeling Wait Times and Decay
The Exponential Distribution Calculator evaluates continuous probability scenarios involving time and distance. Whether you are modeling radioactive decay or the wait time between customer arrivals, this tool provides the precise PDF and CDF probabilities.
The Poisson Connection
The Exponential distribution is deeply linked to the Poisson distribution.
- If the number of events per hour follows a Poisson distribution with rate .
- Then the time between those events follows an Exponential distribution with the same rate .
Real-World Applications
- Reliability Engineering: Modeling the 'Mean Time Between Failures' (MTBF) for electronic components or mechanical parts.
- Queueing Theory: Predicting how long a customer will wait in line at a bank, or how long a network packet will wait in a router buffer.
- Physics: Calculating the half-life and decay probability of unstable radioactive isotopes.