I learned to use this distribution when the number of trials isn't fixed but the
timeframe is. In my "Birthday Problem" assignment I used this to approximate the
likelihood of a shared birthday because calculating the raw factorials was too
slow. By treating a "shared birthday" as a rare collision event I could use the
Poisson model to get an answer much faster. This distribution is unique because
it assumes events happen independently and at a constant average rate. It is the
perfect tool for modeling things like server traffic or radioactive decay where
you know the average rate but not the exact timing.
To start simply enter your expected rate (λ). This represents the average
number of events you expect to see in your specific time interval. The
calculator will then generate the full probability curve showing you how
likely it is to see more or fewer events than your average.