Examlex
When a customer has a legitimate claim or complaint, he or she can expect a positive response from a company.
Poisson Probability
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.
Binomial Probabilities
The probabilities of achieving a specific number of successes in a fixed number of Bernoulli trials, characterized by only two possible outcomes.
Poisson Random Variable
A variable that follows the Poisson distribution, mainly used to model the number of times an event happens in a fixed interval of time or space.
Discrete Random Variable
A type of random variable that assumes a countable number of distinct values, often representing outcomes of a random process.
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