Binomial distribution is used to understand the probability of a particular outcome in repeated independent trials. The probability of a trial is either success or failure. The trials are independent as the outcome or the previous trial had no effect on the next trial, as happens in tossing of coins. If we flip a coin, it would either …

# Month: January 2017

A Poisson distribution is the probability distribution of independent occurrences in an interval. Poisson distribution is used for count-based distributions where these events happen with a known average rate and independently of the time since the last event. For example, If the average number of cars that cross a particular street in a day is 25, …