Relationship between Binomial and Poisson distributions - SQLRelease
This post discusses the Relationship between Binomial and Poisson distributions. We know that Poisson distribution is a limit of Binomial distribution for a large n (number of trials) and small p (independent probability for each trial) values. A large number of trials n with a very small probability p indicates a rare event in a binomial distribution. Considering this, we will simulate these distributions and then we will create a CDF (cumulative distributed function) plot of Binomial and Poisson distributions. It will help us to understand the similarity between a Poisson experiment and a rare event Binomial experiment.
