Which of the following best describes the memoryless nature of the exponential distribution?
A)it ignores any consideration of how long it has been since the last event occurred
B)it keeps track of everything that has occurred
C)it ignores any consideration of distance from the last event
D)it focuses only what has happened since the last two occurrences
E)a and b

Question

Quizplus · Accepted Answer

The memoryless property of the exponential distribution means that the probability of an event occurring in the future is independent of how much time has already elapsed. This implies it does not consider the time since the last event, making choice A correct.

Which of the Following Best Describes the Memoryless Nature of the Exponential