About
exponential distribution is the probability distribution of the time between events in a Poisson process.
The value (mostly time) between each pair of consecutive events in a Poisson process has an exponential distribution
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Example
Waiting time
waiting time follows an Exponential Distribution in the real world Exponential distributions follow the “waiting time” between events such as visits to a web site within a fixed interval.
Arrival process
Exponentially distributed random numbers are typically used to model arrival processes in simulation models.