What's the difference between a binomial, hypergeometric, and Poisson probability distribution?

1 Answer
Dec 10, 2017

Binomial - Random variable XX is the number of successes in n independent and identical trials, where each trial has fixed probability of success.

Hypergeometric - Random variable XX is the number of objects that are special, among randomly selected nn objects from a bag that contains a total of NN out of which KK are special. If nn is much smaller than NN then this can be approximated by binomial.

Poisson - Random variable XX counts the number of occurrences on an event in a given period, where we know that the concurrences has an average of \lambdaλ for any period of that length, independent of any other disjoint period.