{"id":1564,"date":"2021-08-25T16:38:32","date_gmt":"2021-08-25T16:38:32","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/introstatscorequisite\/?post_type=chapter&#038;p=1564"},"modified":"2022-01-31T22:35:03","modified_gmt":"2022-01-31T22:35:03","slug":"introduction-to-the-exponential-distribution","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/introstatscorequisite\/chapter\/introduction-to-the-exponential-distribution\/","title":{"raw":"Introduction to The Exponential Distribution","rendered":"Introduction to The Exponential Distribution"},"content":{"raw":"<h2>What you\u2019ll learn to do: create a model and calculate probabilities and percentiles for an exponential distribution<\/h2>\r\n<img class=\"size-medium wp-image-1565 alignright\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5668\/2021\/08\/25163642\/pexels-kindel-media-7578847-300x169.jpg\" alt=\"a house with a for sale sign next to the driveway\" width=\"300\" height=\"169\" \/>The amount of time it takes to sell a house can be modeled by an exponential distribution. If the average amount of time a house is on the market is 7 days, what is the probability it will take 10 days or fewer days to sell the house? Understanding how to work with exponential distributions can help to answer questions like this one.","rendered":"<h2>What you\u2019ll learn to do: create a model and calculate probabilities and percentiles for an exponential distribution<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-1565 alignright\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5668\/2021\/08\/25163642\/pexels-kindel-media-7578847-300x169.jpg\" alt=\"a house with a for sale sign next to the driveway\" width=\"300\" height=\"169\" \/>The amount of time it takes to sell a house can be modeled by an exponential distribution. If the average amount of time a house is on the market is 7 days, what is the probability it will take 10 days or fewer days to sell the house? Understanding how to work with exponential distributions can help to answer questions like this one.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-1564\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li><strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>For Sale Sign In Front of a House. <strong>Authored by<\/strong>: Kindel Media. <strong>Provided by<\/strong>: Pexels. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/www.pexels.com\/photo\/for-sale-sign-in-front-of-a-house-7578847\/\">https:\/\/www.pexels.com\/photo\/for-sale-sign-in-front-of-a-house-7578847\/<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/cc0\">CC0: No Rights Reserved<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":169134,"menu_order":13,"template":"","meta":{"_candela_citation":"[{\"type\":\"cc\",\"description\":\"For Sale Sign In Front of a House\",\"author\":\"Kindel Media\",\"organization\":\"Pexels\",\"url\":\"https:\/\/www.pexels.com\/photo\/for-sale-sign-in-front-of-a-house-7578847\/\",\"project\":\"\",\"license\":\"cc0\",\"license_terms\":\"\"},{\"type\":\"original\",\"description\":\"\",\"author\":\"\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-1564","chapter","type-chapter","status-publish","hentry"],"part":249,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/introstatscorequisite\/wp-json\/pressbooks\/v2\/chapters\/1564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/introstatscorequisite\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/introstatscorequisite\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/introstatscorequisite\/wp-json\/wp\/v2\/users\/169134"}],"version-history":[{"count":5,"href":"https:\/\/courses.lumenlearning.com\/introstatscorequisite\/wp-json\/pressbooks\/v2\/chapters\/1564\/revisions"}],"predecessor-version":[{"id":3620,"href":"https:\/\/courses.lumenlearning.com\/introstatscorequisite\/wp-json\/pressbooks\/v2\/chapters\/1564\/revisions\/3620"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/introstatscorequisite\/wp-json\/pressbooks\/v2\/parts\/249"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/introstatscorequisite\/wp-json\/pressbooks\/v2\/chapters\/1564\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/introstatscorequisite\/wp-json\/wp\/v2\/media?parent=1564"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/introstatscorequisite\/wp-json\/pressbooks\/v2\/chapter-type?post=1564"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/introstatscorequisite\/wp-json\/wp\/v2\/contributor?post=1564"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/introstatscorequisite\/wp-json\/wp\/v2\/license?post=1564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}