The Poisson Distribution: The Rare Event Limit of a Binomial Distribution

The Poisson distribution is one of the most important probability distributions, quantifying the probability of rare events occuring. It is another limit of the binomial distribution, but for low-probability events. This video was produced at the University of Washington, and we acknowledge funding support from the Boeing Company %%% CHAPTERS %%% 00:00 Intro 01:14 When Normal Approximation Fails 03:44 Deriving the Poisson Distribution 09:32 Applying Poisson: Lightbulb Failure 12:03 Outro