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Model Perspective

Aug 26, 2022 · Fundamentals

Understanding Continuous and Discrete Probability Distributions: Key Types and Relationships

This article explains the difference between continuous and discrete probability distributions, introduces common examples such as Bernoulli, Binomial, Poisson, Uniform, Exponential, and Normal distributions, and describes how these distributions relate to each other.

BernoulliBinomialPoisson

0 likes · 10 min read

Understanding Continuous and Discrete Probability Distributions: Key Types and Relationships

Model Perspective

May 2, 2022 · Fundamentals

Bernoulli, Binomial, Poisson & Exponential Distributions Explained with Examples

This article introduces the Bernoulli, Binomial, Poisson, and Exponential probability distributions, detailing their definitions, key properties, and real‑world examples such as lottery draws, loan‑approval counts, rare market events, and inventory control, while illustrating how the Binomial converges to the Poisson and linking to the Exponential inter‑arrival times.

BernoulliBinomialExponential

0 likes · 7 min read

Bernoulli, Binomial, Poisson & Exponential Distributions Explained with Examples