The Hazard Rate and Memoryless Property of the Exponential Distribution
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The hazard rate is the instantaneous rate of occurance of a Poisson process, and it is closely related to the exponential distribution.
This video was produced at the University of Washington, and we acknowledge funding support from the Boeing Company
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00:00 Intro
01:44 Defining the Hazard Rate
03:24 Computing the Hazard Rate
04:28 Useful Outfall from the Taylor Series
06:21 Outro