What are the Key Parameters in Exponential Distribution?
The primary parameter in exponential distribution is the rate parameter (λ), which signifies the rate at which events occur. It is the reciprocal of the mean (μ) of the distribution:
\[ λ = \frac{1}{μ} \]
In the context of nanotechnology, λ can represent:
- The rate of failure of a nanomaterial - The rate of decay of a radioactive nanoparticle - The frequency of a specific reaction occurring on a nanoparticle surface
