Poisson-Binomial Distribution: Approximating Binomial With Poisson
The Poisson-binomial distribution, a hybrid of the binomial and Poisson distributions, arises when the number of trials is random and follows a Poisson distribution. It’s used when the probability of success (p) is small and the number of trials (n) is large, allowing for efficient approximation of the binomial distribution. This distribution finds applications in…