In probability theory, a compound Poisson distribution is the probability distribution of the sum of a "Poisson-distributed number" of independent identically-distributed random variables. In the simplest cases, the result can be either a continuous or a discrete distribution.
Read more about Compound Poisson Distribution: Definition, Properties, Special Cases, Compound Poisson Processes, Applications
Famous quotes containing the words compound and/or distribution:
“He tries by a peculiar speech to speak
The peculiar potency of the general,
To compound the imagination’s Latin with
The lingua franca et jocundissima.”
—Wallace Stevens (1879–1955)
“There is the illusion of time, which is very deep; who has disposed of it? Mor come to the conviction that what seems the succession of thought is only the distribution of wholes into causal series.”
—Ralph Waldo Emerson (1803–1882)