Binomial Poisson

Data type Discrete Discrete

Formula in excel BINOM.DIST POISSON.DIST
Formula in python stats.binom.pmf(x,n,p) stats.poisson.pmf(n, λ)
Inverse Formula in excel Out of Scope Out of Scope
Inverse Formula in python Out of Scope Out of Scope
1) The output of the experiment is In the problem mean value is
either Success/Failure; 2) There are given as an input for a time
fixed number of trials; 3) Probability of interval.
How to identify output that is of interest to us is given

Manufacturing : Determine Defective Customer Satisfaction:

or Non Defective output; Determine # of complaints
Service : Satisfied or Not Satisfied per customer;
What is the application customer Retail: # of customer visiting
per hour
Normal Bayes theorem
Continuous Discrete/Continuous
NORM.DIST or NORM.S.DIST<if Standard Normal Distribution> NA
stats.norm.cdf(x,loc=µ,scale=σ) NA
NORM.INV or NORM.S.INV <if Standard Normal Distribution> NA
stats.norm.ppf(p,loc=µ,scale=σ) NA
Probability of continuous variable will be a Normal Whenever a reverse conditional
Distribution probability of events is being
asked and the actual conditional
probability is known Bayes'
Theorem can be applied

Manufacturing: Quality check in terms of probability of Medicine: Determine probability

weight of canned juice being more or less or between of a patient having liver problem
acceptable range given he/she is alcoholic when
the reverse probability is already
known from previous records