one could be interested in finding the probability of getting a success which implies getting failures?
Answers
Answer:
In each trial, the probability of success, P(S) = p, is the same. The probability of failure is just 1 minus the probability of success: P(F) = 1 – p. (Remember that “1” is the total probability of an event occurring… probability is always between zero and 1).
Answer:
Another useful probability distribution is the Poisson distribution, or waiting time distribution. This distribution is used to determine how many checkout clerks are needed to keep the waiting time in line to specified levels, how may telephone lines are needed to keep the system from overloading, and many other practical applications. A modification of the Poisson, the Pascal, invented nearly four centuries ago, is used today by telecommunications companies worldwide for load factors, satellite hookup levels and Internet capacity problems. The distribution gets its name from Simeon Poisson who presented it in 1837 as an extension of the binomial distribution which we will see can be estimated with the Poisson.
There are two main characteristics of a Poisson experiment.
The Poisson probability distribution gives the probability of a number of events occurring in a fixed interval of time or space if these events happen with a known average rate.