AllMyCalculators

Exponential Distribution Calculator

Models the wait until the next event when events happen independently at a steady rate.

If events are every 2 hours on average, λ = 0.5 per hour.

P(X ≤ x), event by this time
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P(X > x), still waiting —
Density at x —
Mean wait —
Median wait —
Standard deviation —
Reading this —

The formula

P(X ≤ x) = 1 − e^(−λx) mean = 1 ÷ λ, median = ln 2 ÷ λ

It describes the wait between events in a Poisson process. The units of x and λ must match.

What to watch out for

The mean is pulled up by the occasional long wait, so more than half of all waits are shorter than the mean.

Frequently Asked Questions

What is a worked example?

With an average of one event every 2 hours, the chance of one within 3 hours is 0.77687.

What share of waits are shorter than the mean?

63.21%, whatever the rate.