Saturday 12 November 2011

Memoryless Property


Basically it means the distribution doesn't know where it is on the curve. Formally P(X > a | X > a-b) = P(X > b)
The only dists in CT3 with this property are exponential and geometric.
eg. if X~Exp then P(X>4 | X>3) = P(X>1).

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