Assignment:
Examples of the binomial and Poisson distributions are all around us.
- Identify a real-life example or application of either the binomial or poisson distribution.
- Specify how the conditions for that distribution are met.
- Suggest reasonable values for n and p (binomial) or mu (poisson) for your example.
- Calculate the mean and standard deviation of the distribution for your example.
Provide complete and step by step solution for the question and show calculations and use formulas.