RiskExpon

Description

RiskExpon specifies an exponential distribution with parameter , the mean of the distribution. This distribution is the continuous time equivalent of the Geometric distribution. It is often used to model the waiting time for the first occurrence of a process which is continuous in time and of constant intensity. It can be used in similar applications to the Geometric distribution (queueing, maintenance, breakdown modelling, and others), but it is unrealistic in some practical applications because of the constant intensity property (also known as the memoryless property).

 

Examples

RiskExpon(5) returns an exponential distribution with mean 5.

RiskExpon(A1) returns an exponential distribution with mean from cell A1.

 

Guidelines

must be positive.

Parameters

     continuous scale parameter      

Domain

     continuous

Density and Cumulative Distribution Functions

 

Mean

 

Variance

Skewness

2

 

Kurtosis

9

 

Mode

0

Examples