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Binomial-Poisson Approximation
If n is large, p is small, and λ=np:
$$\operatorname{Binomial}(n,p)\approx\operatorname{Poisson}(\lambda)$$
Usage
- Used to approximate binomial probabilities for rare events.
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Binomial-Poisson Approximation
If n is large, p is small, and λ=np:
$$\operatorname{Binomial}(n,p)\approx\operatorname{Poisson}(\lambda)$$
Usage
- Used to approximate binomial probabilities for rare events.
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