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Poisson Loss Function Table Form

Poisson Loss Function Table Form

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in this video we're gonna talk about how to use the Poisson distribution formula in order to solve problems so take this problem for example a small business receives on average 12 customers per day what is the probability that the business will receive exactly a customers in one day so the first thing you want to keep in mind is that the time interval is the same it doesn't change so thus the mean is 12 customers per day or the average now some textbooks will use lambda for the mean I'm going to use this symbol here now to calculate the probability and we're going to use this formula capital X is the random variable lowercase X in this case is 8 that's the probability that we're trying to calculate we want to know what's the probability that the business will receive exactly a customers in one day so X is 8 and the formula is mu raised to the X e to the negative mu divided by X factorial so let's replace lowercase X with

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