## Poisson Distribution Intuition (and derivation)

3. The shortcomings of the Binomial Distribution a) A binomial random variable is “BI-nary” — 0 or 1. In the above example, we have 17 ppl/wk who clapped. This means 17/7 = 2.4 people clapped per day, and 17/(7*24) = 0.1 people clapping per hour. If we model the success probability by hour (0.1 people/hr) using the … Read more Poisson Distribution Intuition (and derivation)