The document discusses the Poisson distribution, which describes the probability of rare events. It has one parameter, the mean (m), and is used when the number of trials is large but the probability of an individual success is small. Examples of Poisson distributions given include defects per box of screws and printing mistakes per page. The key characteristics are outlined, such as being discrete and positively skewed. The document provides an example problem calculating probabilities based on the average number of accidents per month at an intersection. It also demonstrates how to fit data to a Poisson distribution by calculating expected frequencies based on the observed mean number of events.