The Poisson distribution is a discrete probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space, assuming these events occur with a known constant mean rate and independently of the time since the last event.
The Poisson probability mass function is given by:
\[P(X = k) = \frac{e^{-\lambda} \lambda^k}{k!}\]
Where:
Let's calculate the probability of exactly 3 events occurring if the average is 2 events per interval.
This bar chart represents a Poisson distribution with λ = 2. The red bar highlights the probability for k = 3 events.
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