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To count the number of these branch sequences we use combinatorial formula
_n C_x n!/x!(n-x)!
Read page 217 Binomial random variable section.
SLIDE 30 : POISSON versus BINOMIAL random variables.
Like the binomial the Poisson random variable is the number of occurrences of events (which we will continue to call successes).
The difference between the two random variables is that
A binomial random variable is the number of successes in a set of trials, whereas
A Poisson random variable is the number of successes in an interval of time or specific region of space.
Examples of Poisson random variables:
The number of cars arriving at a service station in 1 hour (the interval of time is 1 hour...
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