Let \(X\) have an exponential distribution with parameter \(\lambda\). Show that
\[ P( X> t+ s \,|\, X>s) = P(X>t) \]
for all \(s,t >0\). Explain why one might call this property of the exponential “the lack of memory”.
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Let \(X\) have an exponential distribution with parameter \(\lambda\). Show that
\[ P( X> t+ s \,|\, X>s) = P(X>t) \]
for all \(s,t >0\). Explain why one might call this property of the exponential “the lack of memory”.