Poisson distribution, Applied Statistics

Assignment Help:

Poisson Distribution

The poisson Distribution  was discovered  by French mathematician simon  denis  poisson. It is a discrete probability distribution.

Meaning :

In binomial distribution if the value of is very large (n=) and the values of p is too small (p-0)  and np  is finite number, in this  situation the binomial  distribution is not suitable to be used. In  other words. The  poisson distribution  is  applicable where  the successful events in the total  events  are few.

Situations where poisson distribution is applicable

1.       Number of defective blades out of total blades produced in a factory .

2.      Number of goals scored at a football match, wherein number of attempts may be a lot of but the success  are few.

3.      Number of mistakes   found in the pages of a book published by a repute press.

4.       Number of telephone calls done during every  5 minutes  by a businessman.

5.      Number of typing errors per page in a typed   material.,

6.      No of accidents met by a taxi driver in a year.

7.      The arrival of customers arriving per hour at the super market.

8.      The arrival of trains arriving per10 minutes in the railway yard.

9.      Number of flying bombs per year in a small area.


Related Discussions:- Poisson distribution

Find the optimal order quantity, The Maju Supermarket stocks Munchies Cerea...

The Maju Supermarket stocks Munchies Cereal. Demand for Munchies is 4,000 boxes per year and the super market is open throughout the year. Each box costs $4 and it costs the store

business forecasting, Explain the characteristics of business forecasting

Explain the characteristics of business forecasting.

Geometric mean, Geometric Mean The geometric mean   of numbers is defin...

Geometric Mean The geometric mean   of numbers is defined as the th root of the product of numbers .It is obtained by multiplying all the values of a variable and then extracti

Evaluate gross reproduction rate, Evaluate Gross Reproduction Rate: Fr...

Evaluate Gross Reproduction Rate: From the data given below compute : i)   General  Fertility  Rate ii)  Specific  Fertility  Rate iii)  Total  Fertility  Rate iv)

Define the term multicollinearity, Question: (a) (i) Define the term ...

Question: (a) (i) Define the term multicollinearity. (ii) Explain why it is important to guard against multicollinearity. (b) (i) Sometimes we encounter missing values

Random sampling method, Random Sampling Method In this method the units...

Random Sampling Method In this method the units are selected in such a way that every item in the whole universe has an equal chance of being included. In the words of croxton

Mode, Mode The mode is the value which occurs most frequ...

Mode The mode is the value which occurs most frequently in a set of observations on the point of maximum frequency and around which other items of the set cluste

Determine the subset of variables, Agency revenues. An economic consultant ...

Agency revenues. An economic consultant was retained by a large employment agency in a metropolitan area to develop a regression model for predicting monthly agency revenues ( y ).

Limitations of arithmetic mean, The calculations of arithmetic mean m...

The calculations of arithmetic mean may be simple and foolproof, but the application of the result may not be so foolproof. An arithmetic mean may not merely lack

Statistical quality control assinment, how to get statistical quality contr...

how to get statistical quality control assignment in brief?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd