O'Reilly logo

Microsoft® Office Excel® 2007: Data Analysis and Business Modeling, Second Edition by Wayne L. Winston

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 57. The Poisson and Exponential Random Variable

  • 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?

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 small time interval. More specifically, during a small time interval, denoted as t, either zero or one event will occur, and the probability of one event occurring during ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required