The binomial and Poisson distributions are two different discrete probability distributions.
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BUS 352 Topic 3 Discussions GCU
BUS 352 Topic 3 DQ 1
The binomial and Poisson distributions are two different discrete probability distributions. Explain the differences between the distributions and provide an example of how they could be used in your industry or field of study. In replies to peers, discuss additional differences that have not already been identified and provide additional examples of how the distributions can be used.
BUS 352 Topic 3 DQ 2
Chapter 5 of the textbook reviews Excel functions to calculating binomial, Poisson, and normal distributions. Identify the functions and discuss how Excel can be used to calculate probabilities of X, <X, and >X. Apply an example to at least one business scenario. In replies to peers, discuss whether you agree or disagree with the analysis provided and share additional examples of application to a business scenario.
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