Chapter 64. The Poisson and Exponential Random Variable
Questions answered in this chapter:
What is the Poisson random variable?
How do I compute probabilities for the Poisson random variable?
If the number of customers arriving at a bank is governed by a Poisson random variable, what random variable governs the time between arrivals?
Answers to This Chapter’s Questions
What is the Poisson random variable?
The Poisson random variable is a discrete random variable that is useful for describing probabilities for situations in which events (such as customer arrivals at a bank or orders placed for a product) have a small probability of occurring during a short time interval. More specifically, during a short time interval, denoted as t, either zero or one ...
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