Poisson distribution formula, X~Po(λ)
In order for the Poisson distribution top be a good model, the events must occur:
If two Poisson variables X and Y are independant, the variable Z = X + Y also has a Poisson distribution.
And Z = X + Y
Mean of Poisson distribution, X~Po(λ)
Variance of the Poisson distribution
Mean of a binomial distribution, X~B(n,p)
Variance of a binomial distribution, X~B(n,p)
Binomial distribution can be approximated by the Poisson distribution when