The geometric and exponential distributions are said to be memoryless. How much memory do some other distributions require? (Intended as a serious question.) https://en.wikipedia.org/wiki/Memorylessness …
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fixed time would mean there's a quantity being used up internally, then the "early or late" failure pattern of hard disks implies a number of bad apples, etc
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Yes. And fixed time implies a lot of memory. Enough to build a clock, because it is, in effect, a clock.
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