The exponential distribution is sometimes called the waiting-time distribution, because it is used
to describe the length of time between occurrences of random events.

Question

Quizplus · Accepted Answer

The exponential distribution is indeed often referred to as the waiting-time distribution because it models the time between successive random events that occur independently and at a constant average rate, making it suitable for describing waiting times.

The Exponential Distribution Is Sometimes Called the Waiting-Time Distribution, Because