Exponential and Pareto Distribution

Exponential and Pareto Distribution

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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