Exponential Model for Waiting Time
Estimate chance say event go happen before waiting time reach the limit.
Your numbers
Chance of arrival before the limit
Exponential model assume constant hazard and waiting time wey no depend on past waiting.
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Formula
P(T≤t)=1−e⁻ᵗᐟᵐ
Estimate chance say event go happen before waiting time reach the limit.
Example wey show the calculation
- Waiting time on average
- 10
- Waiting-time limit
- 5
- Chance of arrival before the limit
- 39.3469340287 %
- Chance say person still dey wait at the limit
- 60.6530659713 %
Where e fit work and limits
Exponential model assume constant hazard and waiting time wey no depend on past waiting.
We check inputs for missing values and allowed ranges. Result wey pass the finite numeric range no go show. Rounding affect wetin display, while calculation use the model numeric precision.
Check your units and assumptions before you rely on result. Changing label no convert currency or physical unit.
Version of di formula: 92fc50884b72 · Example don get check: