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The Poisson Distribution Describes the Number of Occurrences Within a Randomly

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The Poisson distribution describes the number of occurrences within a randomly chosen unit of time or space.


Definitions:

Unsecured Creditor

A creditor who extends credit without requiring specific collateral to secure the debt owed by the borrower.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized if the loan is not repaid.

Debt Amount

The total sum of money that is owed by an individual, company, or other entity.

Federal Exemptions

Provisions within federal law that allow individuals or entities to be excluded from certain rules, obligations, or liabilities.

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