Data Science and Machine Learning (Theory and Projects) A to Z - Continuous Random Variables: Exponential Solution 01

The video tutorial explains the impact of varying Lambda values on the exponential distribution. It shows that a smaller Lambda value, like 0.5, results in a slower decay and a smaller peak. As Lambda increases to 1, the peak becomes higher and the decay rate faster. With even higher Lambda values, the decay becomes rapid, and the peak approaches infinity. The key takeaway is that larger Lambda values lead to faster decay and larger peaks in the exponential curve.

Describe the characteristics of the exponential distribution when Lambda is set to 0.5 compared to when it is set to 1.

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What happens to the peak value of the exponential distribution as Lambda increases?

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