Chapter 5 - Binomial & Poisson Flashcards
1
Q
Binomial Probability Distribution
A
4 conditions
FIXED NUMBER OF TRIALS
ONLY TWO MUTUALLY EXCLUSIVE OUTCOMES
TRIALS ARE INDEPENDENT
NUMBER OF TRIALS IS COUNTABLE
2
Q
POISSON PROBABILITY DISTRIBUTION
A
This process measures the number of occurrences of an outcome in a predetermined time, space or volume interval.
THERE WILL BE AN INDICATION OF AN AVERAGE.
