Operations Management (Basic) - Statistics 101: Introduction to the Poisson Distribution
Master Operations Management: Boost Productivity, Optimize Workflows, Forecast with Precision!
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What you'll learn
Understand and calculate basic productivity metrics.
Create and analyze workflow network diagrams for process optimization.
Perform critical path analysis to manage project timelines effectively.
Apply total quality management techniques using Excel for quality improvement.
Statistics 101: Introduction to the Poisson Distribution
In this video, we discuss the basic characteristics of the Poisson Distribution using a real-world example involving a checkout line at a supermarket. Having a basic understanding of the binomial distribution is helpful, but not necessary. I also show you how to calculate Poisson probabilities on at TI calculator so have one handy if you want to learn how to use that function. But most of all have fun and enjoy learning!
My playlist table of contents, Video Companion Guide PDF documents, and file downloads can be found on my website: https://www.bcfoltz.com
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