Poisson Distribution
Poisson Distribution is a statistical distribution that shows the probability of a certain number of events occurring in a fixed interval of time or space, given the average rate of occurrence of the event. It is used to model the number of occurrences of an event in a given time period. The Poisson distribution assumes that the events occur independently and at a constant rate. It is often used in quality control, reliability, and insurance applications. The Poisson distribution is characterized by a single parameter, lambda, which represents the average number of events per interval. The probability of observing k events in an interval is given by the Poisson probability mass function.
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