Poisson distribution

Apr 12, 2024 • 18m • 70 views

Poisson distribution definition is used to model a discrete probability of an event where independent events are occurring in a fixed interval of time and have a known constant mean rate. In other words, Poisson distribution is used to estimate how many times an event is likely to occur within the given period of time. λ is the Poisson rate parameter that indicates the expected value of the average number of events in the fixed time interval.