Let's say, we have some random event. We also have a hist of time intervals between two events, based on statistical data. For example, a frequency distribution:
Each bin value corresponds to length of time interval between two events. 1st bin corresponds to
[0,1) seconds, 2nd bin is for
[1,2) seconds, 3rd is for
[2,3) secs and so on.
How would I predict the time that it might take to get K events?
If we normalize and cumulatively add the bin's value, we can get a probability hist, each bin's value is
P(one event in time < bin's edge). But how would I get such a probability hist for K events?
P(K events in time < bin's edge)