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Poisson Distributions

Poisson Probability Distributions

In this section, we examine Poisson Probability Distributions:

Graphs of Poisson Distribution for an average of 2, 7, and 12
Graphs of poisson distributions for different averages (λ)
  • They are continuous distributions
  • They measure the probability of a certain number, x, events occurring over a certain time period

The sections are organized as follows:

  1. An introduction, properties of Poisson Distributions and how to calculate the probability of exactly x events occurring.
  2. How to change lambda (λ) when the time interval in the question differs from the one stated for the average.
  3. How to calculate the probability of at least, at most or more than x events occurring during a time interval.
  4. How to calculate the mean and standard deviation for Poisson distributions.

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An Introduction to Business Statistics for Analytics (1st Edition) Copyright © 2024 by Amy Goldlist; Charles Chan; Leslie Major; Michael Johnson is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License, except where otherwise noted.

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