Explain binomial and poisson distributions in real life

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Reference no: EM13117947

Binomial and Poisson Distributions in Real Life

Examples of the binomial and poisson distributions are all around us.

- Identify a real-life example or application of either the binomial or poisson distribution.

- Specify how the conditions for that distribution are met.

- Suggest reasonable values for n and p (binomial) or mu (poisson) for your example.

- Calculate the mean and standard deviation of the distribution for your example.

Reference no: EM13117947

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