BINOMIAL AND POISSON
DISTRIBUTIONS
Binomial Distribution Formula
POISSON DISTRIBUTION FORMULA
P(X) =
Where,
/ the average in a given interval
= Euler’s algorithm with a constant value (e=2.71828)
x = number of occurrences/variable we want to measure
! = factorial
Example # 1:
A small business receives an average of 12 customers per day.
What is the probability that the business will receive exactly 8
customers in one day?
Example # 2:
A student receives an average of 7 text messages in a 2 hour-period.
a. What is the probability that the student will exactly receive a 9
text messages in a 2 hour-period
b. What is the probability that the student will exactly receive a 24
text messages in an 8 hour-period