Introduction to Poisson Process

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does Poisson's distribution follow the memoryless property of exponential distribution?

pranavnikam
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Very clear and useful!!! Thanks a lot😭😭

Angela-yjls
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Hi
Can you please help me with this question:
You are waiting for a bus to take you home. There are two buses you can take to get home: red buses arrive at an average rate of 4 per hour, and blue buses arrive at a rate of 5 per hour. You always take whichever bus comes first. Write a Python simulation to determine [a] what is the average time you wait before catching a bus. I need help with understanding how can we calculate by hand the average time we wait before catching a bus

Mr.AsKaRoo