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
how to convert double integral into polar coordinates and change the limits of integration


PROBLEMS RELATED TO APPLYING OPERATIONS :  Some of us were testing Class 4 children with addition and subtraction problems. We gave them sums that were written horizontally and th

What inequalities and intervals are? If it is given that a real number 'p' is not less than another real number 'q', we understand that either p should be equal to q or

Suppose you start saving today for a $55,000 down payment that you plan to make on a house in 7 years,  assume that you make no deposits into the account after the initial deposit,

Can you explain that a wave through the origin always has a slope of one or not?

how do you do rotations

QUESTION (a) A bowl contains ten red balls and ten blue balls. A woman selects balls at random without looking at them. i) How many balls must she select to be sure of havin

Calculate the area and perimeter of a parallelogram: Calculate the area and perimeter of a parallelogram with base (b) = 4´, height (h) = 3´, a = 5´ and b = 4´.  Be sure to in

Describe Square Roots? When a number is written inside a radical sign (√), the number is called the radicand, and we say that you are "taking the square root of" that number.