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Meet the concept↗ A suitable rare-event limit links these discrete stories to Poisson counts and exponential waiting times.
Conditions: The context is a rare-event limit.; The variables represent counts and waiting times.
A suitable rare-event limit links these discrete stories to Poisson counts and exponential waiting times.
Conditions: The context is a rare-event limit.; The variables represent counts and waiting times.
Meet the concept↗ Sums of independent exponential waits with the same rate give gamma waiting times.
Conditions: The exponential waits are independent.; All exponential waits share the same rate.
Sums of independent exponential waits with the same rate give gamma waiting times.
Conditions: The exponential waits are independent.; All exponential waits share the same rate.