QMS 102 Lecture 9: Poisson Distribution

• School: Ryerson University
• Department: Quantitative Methods
• Course: QMS 102
• Professor: Boza Tasic

Document Summary

Used when interested in the number of times an event occurs in a given area of opportunity. Area of opportunity : continuous unit or interval of time/volume/physical area in which one occurrence of an even can occur. Either success or no success that must occur randomly and independently fro each other. The probability that two or more events occur in an area of opportunity is zero or becomes smaller e = irrational number. Expected value and standard deviation of a variable with poisson.