Poisson probability distribution, Mathematics

Poisson Probability Distribution

-  It is a set of probabilities which is acquired for discrete events which are described as being rare. Occasions similar to binominal distribution however it have very low probabilities and large sample size.

Illustrations of such events in business are as given below:

i.  Telephone congestion at midnight

ii. Traffic jams at certain roads at 9 o'clock at night

iii.  Sales boom

iv. Attaining an age of 100 years or centurion

- Poisson probabilities are frequently applied in business conditions in order to find out the numerical probabilities of such events happening.

- The formula utilized to determine such probabilities is as given below:

P(x) = e λx/x!

Whereas  x = No. of successes

              ? = mean no. of the successes in the sample (? = np)

e = 2.718

 

Posted Date: 2/20/2013 6:22:54 AM | Location : United States







Related Discussions:- Poisson probability distribution, Assignment Help, Ask Question on Poisson probability distribution, Get Answer, Expert's Help, Poisson probability distribution Discussions

Write discussion on Poisson probability distribution
Your posts are moderated
Related Questions
a drawn picture on a graph that includes equations of each line

Application of Linear Equations We are going to talk about applications to linear equations.  Or, put in other terms, now we will start looking at story problems or word probl

what are the core concept of marketing

if the diametre of the cylinder is 3.6 foot and its length is4.6foot,then its dimension is?


The time has at last come to describe "nice enough". We've been using this term during the last few sections to explain those solutions which could be used to form a general soluti

Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2, Subject to the constraints: X1+ X2 = 4 X1+ X2 = 2 X1, X2 = 0


how would I graph the equation 2x-5y=5?

In polynomials you have seen expressions of the form x 2 + 3x - 4. Also we know that when an expression is equated to zero or some other expression, we cal