Examlex
Suppose the probability of a major earthquake on a given day is 1 out of 10,000.Use the Poisson model to approximate the probability that there will be at least one major earthquake in the next 2000 days.
Probability Density Function
A function that represents the probability of a random variable assuming a specific value.
Uniform Distribution
A type of probability distribution where all outcomes are equally likely; any one of several outcomes has an equal chance of occurring.
Random Variable
A variable that takes on a set of possible values, each with an associated probability, representing outcomes of a statistical experiment.
Probability
A measure quantifying the likelihood that an event will occur, expressed on a scale from 0 to 1.
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