Poisson Distribution
Poisson Distribution: Definition, Moments, MGF and Solved Examples Definition The Poisson Distribution is a discrete probability distribution used to model the number of times an event occurs in a fixed interval of time, space, area, or volume, when the events occur independently and at a constant average rate. A random variable \(X\) is said to follow a Poisson distribution with parameter \(\lambda > 0\) if \[ \boxed{ P(X=x)=\frac{e^{-\lambda}\lambda^x}{x!}, \qquad x=0,1,2,\ldots } \] We write \[ X\sim\operatorname{Poisson}(\lambda). \] Here, \(\lambda\) represents the average number of occurrences in the specified interval. Main Conditions Events occur independently. The average rate of occurrence is constant. The number of occurrences in disjoint intervals is independent. In a sufficiently small interval, the probability of more than one occurrence is negligible. Moments of the Poisson Distribution Let \[ X\sim\operatorname{Poisson}(\...