I have the following problem:
I am told the following information:
(1) vertex A to vertex X is described by an exponential distribution with lambda = 4;
(2) vertex A to vertex Y is described by an exponential distribution with lambda = 2.5;
(3) vertex X to vertex Y identical to vertex Y to vertex X, and it is described by an exponential distribution with lambda = 10;
(4) vertex X to vertex B is described by an exponential distribution with lambda = 3; and, finally,
(5) vertex Y to vertex B is described by an exponential distribution with lambda = 5.
Assuming I wanted to simulate this, what exactly is the idea behind this simulation process? Am I just generating (many) exponential random variables to represent each path between the vertices? If so, would this mean that I am simulating a single travel between each of the vertices for each random variable that I generate?
I would greatly appreciate it if people could please take the time to clarify this.