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Binomial and Poisson distributions are two important types of discrete probability distributions used in statistics and data analysis. binomial distribution models the number of successes in a fixed number of independent trials, each with the same probability of success. On the other hand, the Poisson distribution models the number of events occurring in a fixed interval of time or space, given a constant average rate of occurrence.
In this article, we will discuss "Difference Between Binomial and Poisson Distribution" in detail, including properties and examples for each.
Binomial Distribution is a discrete probability distribution that describes the number of successes in a fixed number of independent trials of a binary (yes/no) experiment. It is one of the most commonly used probability distributions in statistics.
Binomial distribution arises from a series of experiments known as Bernoulli trials. Each trial results in a success or a failure, and the probability of success is the same in each trial. The distribution is defined by two parameters:
The probability mass function of a binomial random variable is given by:
Where,
Some of the key properties of Binomial Distribution are:
| Property | Formula |
|---|---|
| Mean (Expected Value) | ΞΌ = E(X) = np |
| Variance | Ο2 = Var(X) = np(1 β p) |
| Standard Deviation | Ο = β[np(1βp)β] |
| Skewness | Skewness = (1 - 2p)/[β[np(1βp)β]] |
| Kurtosis | Kurtosis = [1 β 6p(1 β p)]/[np(1 β p)] |
| Probability Mass Function (PMF) | |
| Moment Generating Function (MGF) | MXβ(t) = [pet + (1βp)]n |
Some of the examples of binomial distribution discussed as below:
Poisson Distribution is a discrete probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space, provided these events occur with a known constant mean rate and independently of the time since the last event. It is named after the French mathematician SimΓ©on Denis Poisson.
Random variable X follows a Poisson distribution if it represents the number of events occurring in a fixed interval of time or space. The probability mass function of a Poisson random variable is given by:
P(X = k) = (Ξ»keβΞ»)/k!β
Where:
Some of the key properties of Poisson Distribution are:
| Property | Formula |
|---|---|
| Mean (Expected Value) | ΞΌ = E(X) = Ξ» |
| Variance | Ο2 = Var(X) = Ξ» |
| Standard Deviation | Ο = βΞ»β |
| Skewness | Skewness = 1/βΞ»β |
| Kurtosis | Kurtosis = 1/Ξ»β |
| Moment Generating Function (MGF) |
Some of the most common examples which can be modelled using poison distribution are:
Key differences between binomial and poison distribution are listed in the following table:
| Feature | Binomial Distribution | Poisson Distribution |
|---|---|---|
| Definition | Models the number of successes in a fixed number of independent trials, each with the same probability of success. | Models the number of events occurring in a fixed interval of time or space, with events happening at a constant mean rate. |
| Probability Mass Function (PMF) | Where n is the number of trials and p is the probability of success. | P(X = k) = (Ξ»keβΞ»)/k!β Where Ξ» is the average number of occurrences. |
| Mean (Expected Value) | ΞΌ = np | ΞΌ = E(X) = Ξ» |
| Variance | Ο2 = Var(X) = np(1 β p) | Ο2 = Ξ» |
| Standard Deviation | Ο = β[np(1βp)β] | Ο = βΞ»β |
| Skewness | Skewness = (1 - 2p)/[β[np(1βp)β]] | Skewness = 1/βΞ»β |
| Kurtosis | Kurtosis = [1 β 6p(1 β p)]/[np(1 β p)] | Kurtosis = 1/Ξ»β |
| Moment Generating Function (MGF) | MXβ(t) = [pet + (1βp)]n | |
| Parameter Constraints | n is a positive integer, 0 β€ p β€ 1 | Ξ» > 0 |
Some of the common similarities between binomial and poison distribution are:
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