The document summarizes key concepts relating to three probability distributions:
1) The normal distribution describes variables that arise from the addition of small random effects and approximates the binomial distribution for large numbers of trials. It is used to model natural phenomena influenced by many independent factors.
2) The binomial distribution describes discrete random variables resulting from Bernoulli trials with a fixed probability of success. It gives the probability of a given number of successes in fixed number of trials.
3) The Poisson distribution approximates the binomial when the probability of success is very small but the number of trials is large. It is used to model rare random events occurring independently over an interval of time or space.