let us suppose we have following question : A Pizzeria gets an average $4.2$ orders in its closing hour, 11PM to midnight.what the probability that at least $30$ minutes will go by before next order ? exponential distribution is determined by $\lambda$ which is the average number of arrival per unit time, in our case orders are determined in units of hours, which means that per minute we have average
$\frac{60}{4.2}=14.28571429 $
we have formula for exponential distirbution $P(x>k)=1-P(x \leq k)$ or in our case
$p(x>k)=e^{-\lambda*k} $
substitution of $30$ we would have
$p(x>30)=e^{-14.28571429*30} $
did i calculate lambda correctly? it is also the inverse of expected duration ,for instance if we want to calculate average amount of time between orders we have
$\mu=\frac{1}{\lambda}$ or $0.07$