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Probability
Probability refers to the measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
Poisson Approximation
A statistical technique used to estimate the probability of a given number of events happening in a fixed interval of time or space when these events occur with a known constant mean rate and independently of the time since the last event.
Probability
An indicator representing the probability or odds of a specific event happening, with its value ranging from 0 to 1.
Normal Model
A type of statistical distribution that is symmetric and describes how values are dispersed or spread around the mean.
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