With this report we explore the relationship between the sample mean and the population mean from exponential distribution. Parameters and statistics of interest are the mean, the variance and, in a broader sense, the shape of the distribution. We run 1000 simulations of 40 observations each time.

I use the U.S. National Oceanic and Atmospheric Administration's (NOAA) storm database to identify the most detrimental weather events in the country with regard to population health and economic impact.