Exponential Distribution
Notation:
$X \sim exp(\lambda)$
Probability Density Function:
$f(x)=\lambda e^{-\lambda x}$
where:
Mean:
$\mathrm{E}[X]=\mu=\frac{1}{\lambda}$
Variance:
$\mathrm{Var}[X]=\sigma^2=\frac{1}{\lambda^2}$
References:
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Exponential Distribution - Wikipedia
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Exponential Distribution - Wolfram MathWorld