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Please answer this question. Thanks Clear explanation please Give an example, USING YOUR OWN WORDS [NOT TEXT COPIED FROM THE INTERNET), of how either the

Please answer this question. Thanks

Clear explanation please

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Give an example, USING YOUR OWN WORDS [NOT TEXT COPIED FROM THE INTERNET), of how either the Poisson or the Exponential distribution could be used to model something in real life (only one example is necessary). You can give an example in an area that interests you (a list of ideas is below). Give a very rough description ofthe sample space. lfyou use an idea from another source, please provide a citation in the sentence and a reference entry at the end of your post. Include a citation even ifyou paraphrase from a website. Please do not copy blocks of text from the Internetwtry to use your own words. When forming your answer to this question you may give an example of a situation from your own field of interest for which a random variable, possibly from one of the types that are presented in this unit, can serve as a model. Discuss the importance (or lack thereof) of having a theoretical model for the situation. People can use models to predict business conditions, network trafc levels, sales, number of customers per day, rainfall, temperature, crime rates, or other such things

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