Tag: Poisson

Once upon a time, there was a bakery run by a friendly baker named Dave. After years of baking, Dave noticed that during the morning rush the number of croissants that he would sell could change every hour. Curious to discover a pattern, Dave started keeping track of the number of croissants he s...

1. Why did Poisson invent the Poisson Distribution? To predict the number of events that will take place in the future! More precisely, to predict the probability of a specific number of events occurring within a fixed time interval. If you have ever sold anything, this “eve...

The Poisson Distribution is a discrete probability distribution. This type of distribution represents values that are not continuous, appearing as whole numbers on the x-axis. Thus, in our data, we will not observe decimal values. It’s essential to understand that we do not artificially con...