Difference between Binomial Distribution and Poisson Distribution
Binomial vs. Poisson
Binomial DistributionPoisson Distribution
Fixed Number of Trials (n)[10 pie throws]Infinite Number of Trials
Only 2 Possible Outcomes[hit or miss]Unlimited Number of Outcomes Possible
Probability of Suc…Read More
Bayes' Theorem
Bayes' Theorem is a theorem of probability theory originally stated by the Reverend Thomas Bayes. It can be seen as a way of understanding how the probability that a theory is true is affected by a new piece of evidence. …Read More
Difference between sample space and sample point
In tossing a fair coin, there are only two possible outcomes, a Head (H) and a Tail (T). If we let S be the set of all possible outcomes of this event, then, we write the set of possible outcomes as&nbs…Read More
95% confidence interval "95% confidence interval". This means that if we used the same sampling method to select different samples and computed an interval estimate for each sample, we would expect the true population par…Read More
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