Some families of distributions use a rate parameter which is simply the reciprocal of the scale parameter. So for example the exponential distribution with scale parameter β and probability density
could equally be written with rate parameter λ as
Read more about this topic: Scale Parameter
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“At the rate science proceeds, rockets and missiles will one day seem like buffaloslow, endangered grazers in the black pasture of outer space.”
—Bernard Cooper (b. 1936)
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