From Binomial to Poisson: A Beautiful Connection in Probability
Introduction In probability theory, two of the most important distributions are the Binomial and Poisson distributions. At first glance, they seem unrelated: But surprisingly, the Poisson distribution can be derived from the Binomial distribution under certain conditions! Let’s explore this fascinating connection. 1. The Binomial Distribution The Binomial distribution describes the probability of getting exactly... » read more