What are some examples of exponential distribution?

Exponential distribution is a type of probability distribution that describes the time it takes for an event to occur, such as the time between arrivals of customers to a store. Examples of exponential distribution include: 1. The time between arrivals of customers to a store: A store can use the exponential distribution to determine how often customers arrive and how long they stay in the store on average. 2. The lifetime of a light bulb: The length of time a light bulb lasts before going out is an exponential distribution. There is a certain probability of the bulb lasting a certain amount of time before burning out. 3. The time for computer components to fail: Computer components such as hard drives, fans, and power supplies can be modeled in an exponential distribution. The time between failures can be calculated by the exponential distribution to predict which components will fail first.