What is a key difference between binomial and Poisson distributions? The binomial distribution deals with discrete data;
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Question:
What is a key difference between binomial and Poisson distributions?
The binomial distribution deals with discrete data; Poisson is a continuous distribution.
The binomial distribution is a two-parameter distribution; the Poisson distribution is a three-parameter distribution.
The Poisson distribution deals with discrete data; the binomial distribution is a continuous distribution.
Within its observation space, the Poisson distribution places no upper bound on the count of events whereas the binomial distribution does set an upper limit on the count.
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Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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