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Probability: Example 2: Exponentially Decreasing Probability Density Function

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First published at 05:49 UTC on March 13th, 2019.

#mathematics
#calculus
#science

Math Easy Solutions

MES

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In this video I go over another example on probability and this time determine the exact form of a probability density function that is modeled by a decreasing exponential function. Such density functions model phenomena such as call waiting times, or equipment failure times, very well. In this example, I look at the case of call waiting when calling a company, and getting forwarded to their customer service representative. Such a case would realistically have a higher probability of lower wait times and very low probability that you have to wait very long. This type of probability density function is in contrast to the usual bell curve.

Download the notes in my video: https://1drv.ms/b/s!As32ynv0LoaIhr8KdhcvxQbiT2B-wg

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