EXPONDIST

Definition: EXPONDIST is a function that returns the exponential distribution for a specified set of parameters.

Syntax: =EXPONDIST(x, lambda, [cumulative])

Situation: This formula is suitable when you need to find the exponential distribution for a specified set of parameters.

Example: If you have a random variable x with a rate of decay of 0.2 and want to find the probability that x is less than or equal to 1, the formula =EXPONDIST(1, 0.2, TRUE) can be used, which returns 0.3297.