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**Answer**

**Binomial Vs Poisson distribution**

- In Binomial distribution, the probability of
**repeated number of trials**is studied while**Poisson distribution gives the count of independent events**occurring randomly within a given period. - The Binomial distribution has a
**fixed number of trials**while the Poisson distribution has**infinite number of trials.** - In Binomial distribution, there is
**only two possible outcomes**(success or failure) while the Poisson distribution has**unlimited number of possible outcomes**. - In Binomial distribution, the
**mean is greater than the variance**while in Poisson distribution, the**mean is the same as the variance**. - The
**success**in binomial distribution has a**constant probability**while in Poisson distribution the**success has infinitesimal chance.** - The Binomial distribution is usually
**Bi-parametric**while in Poisson distribution is usually**Uni-parametric.**Bi-parametric means that there are two parameters involved while Uni-parametric refers to a single parameter involved.

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