Step 1: Understanding the Concept:
The Poisson distribution is a discrete probability distribution that models the number of times an event occurs in a fixed interval of time or space.
The single parameter of this distribution is \(\lambda\), which represents both the mean and the variance of the random variable.
Key Formula or Approach:
The probability mass function (PMF) of a Poisson distribution is given by:
\[ P(x; \lambda) = \frac{e^{-\lambda} \lambda^x}{x!}, \quad \text{for } x = 0, 1, 2, \dots \]
Where:
- \(\lambda\) is the mean of the distribution.
- \(x!\) is the factorial of \(x\).
Step 2: Detailed Explanation:
Let us use the given boundary condition \(P(3) = P(4)\) to solve for \(\lambda\):
1. Express \(P(3)\) and \(P(4)\) using the PMF formula:
\[ P(3) = \frac{e^{-\lambda} \lambda^3}{3!} \]
\[ P(4) = \frac{e^{-\lambda} \lambda^4}{4!} \]
2. Equate the two probabilities:
\[ \frac{e^{-\lambda} \lambda^3}{3!} = \frac{e^{-\lambda} \lambda^4}{4!} \]
3. Since \(e^{-\lambda} \neq 0\) and \(\lambda > 0\), we can divide both sides of the equation by \(e^{-\lambda}\):
\[ \frac{\lambda^3}{3!} = \frac{\lambda^4}{4!} \]
4. Divide both sides by \(\lambda^3\):
\[ \frac{1}{3!} = \frac{\lambda}{4!} \]
5. Simplify the factorials:
We know that \(4! = 4 \times 3!\).
Substituting this:
\[ \frac{1}{3!} = \frac{\lambda}{4 \times 3!} \]
6. Multiply both sides by \(3!\) to isolate \(\lambda\):
\[ 1 = \frac{\lambda}{4} \implies \lambda = 4 \]
The parameter \(\lambda\), which represents the mean of the Poisson variate \(x\), is 4.
Step 3: Final Answer:
The correct option is (B).