I am doing a self-study on Exponential Distribution and noted an exponential on my text giving that:
CDF of Exponential Distribution $$ F(x) = 1 - e^{-λx} , $$ PDF of Exponential Distribution $$ f(x) = λe^{-(λx)} . $$ However, I was wondering on what conditions do I use what?
From what I understand, if I was trying to find the time between consecutive events within a certain period of time, I may use the CDF. However, I am unable about PDF.
Appreciate any advice please.