Basics of Probability, Binomial and Poisson Distribution

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LEARN & APPLY : Lean and Six Sigma

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Hello Friends,
In this video, I have explained the Fundamentals of probability and probability distributions of discrete data (Binomial and Poisson Distribution) with examples.
✅ 1) Fundamentals of Probability:
In this section, I have explained all basic terms related to probability with practical examples for easy understanding.
✅ 2) Types of Probability Distributions:
In this section, I have explained various types of probability distributions, followed by a detailed description of probability distributions for discrete data i.e. Binomial Distribution and Poisson Distribution in every detail.
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0:00 Introduction
0:33 Fundamental of Probability
2:43 Types of Probability Distributions
3:48 Binomial Distribution
6:07 Binomial Distribution using Excel
6:41 The Normal approximation to Binomial Distribution
7:22 Poisson Distribution
8:49 Poisson Distribution using Excel
9:17 The Normal approximation to Poisson Distribution
9:46 Comparison of Binomial and Poisson Distribution
And finally, thank you for watching…
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