Lesson 44 – Keep waiting: The memoryless property of exponential distribution

Bob Waits for the Bus As the building entrance door closes behind, Bob glances at his post-it note. It has the directions and address of the car dealer. Bob is finally ready to buy his first (used) car. He walks to the nearby bus stop jubilantly thinking he will seldom use the bus again. Bob … Continue reading Lesson 44 – Keep waiting: The memoryless property of exponential distribution