Exponential and Pareto Distribution

Exponential and Pareto distribution, both with mean 1 (Exponential: Lambda = 1; Pareto: Alpha = 4 and xm = 0,75). The pareto is heavy tailed, with the probability both for small and very large values being higher than an exponential distribution. Image copyright Christoph Roser on AllAboutLean.com.

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Date: August 12, 2015
SEO Title: Exponential and Pareto Distribution
SEO Description: Exponential and Pareto distribution, both with mean 1 (Exponential: Lambda = 1; Pareto: Alpha = 4 and xm = 0,75). The pareto is heavy tailed, with the probability both for small and very large values being higher than an exponential distribution.
SEO Keywords: Exponential Distribution, Pareto Distribution, fat tailed, heavy tailed
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