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Model Perspective
Model Perspective
May 2, 2022 · Fundamentals

Bernoulli, Binomial, Poisson & Exponential Distributions Explained with Examples

This article introduces the Bernoulli, Binomial, Poisson, and Exponential probability distributions, detailing their definitions, key properties, and real‑world examples such as lottery draws, loan‑approval counts, rare market events, and inventory control, while illustrating how the Binomial converges to the Poisson and linking to the Exponential inter‑arrival times.

BernoulliBinomialExponential
0 likes · 7 min read
Bernoulli, Binomial, Poisson & Exponential Distributions Explained with Examples
MaGe Linux Operations
MaGe Linux Operations
Feb 9, 2019 · Fundamentals

Estimating Coin Toss Probability with Maximum Likelihood in Python

This article demonstrates how to use Python to simulate coin tosses, construct the likelihood function for a Bernoulli distribution, and apply maximum likelihood estimation to recover the underlying head probability, illustrating the method with code, equations, and visualizations.

BernoulliMaximum LikelihoodPython
0 likes · 5 min read
Estimating Coin Toss Probability with Maximum Likelihood in Python