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What is the concept of binomial approximation to the poisson distribution?
When scanned first, poisson distribution seems to have no connection with the binomial approximation but after analysing it thoroughly, we got to know about their fascinating relation. In cases where the sample size is large and the true probability of success is very small, the Poisson distribution is used to approximate the binomial distribution. The larger the sample size and the smaller the true probability of success, the better is the approximation.
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