The document discusses the Poisson distribution, which is a discrete probability distribution that estimates the likelihood of a specified outcome occurring a certain number of times in a fixed interval, given a constant average rate of occurrence. It outlines the formulation, assumptions, and properties of the Poisson distribution, as well as examples illustrating its application in real-world scenarios such as safety assessments and defect patterns in materials. Key parameters are defined, including the shape parameter (λ), the expected value (μ), and standard deviation (σ).