What is Poisson Distribution with Examples
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A Poisson distribution is a tool that helps to predict the probability of certain events from happening when you know how often the event has occurred. It gives us the probability of a given number of events happening in a fixed interval of time
For example: μ = 2; since 2 homes are sold per day, on average. x = 3; since we want to find the likelihood that 3 homes will be sold tomorrow. e = 2.71828; since e is a constant equal to approximately 2.71828.
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