Changes

*Pronunciation - \ri-ˈnü-əl, -ˈnyü-\

*Pronunciation - \ri-ˈnü-əl, -ˈnyü-\

*Origins - circa 1686

*Origins - circa 1686

==Definitions==

==Definitions==

# : the [[act]] or [[process]] of renewing : repetition

# : the [[act]] or [[process]] of renewing : repetition

# : something used for renewing; specifically : an expenditure that betters existing fixed assets

# : something used for renewing; specifically : an expenditure that betters existing fixed assets

# : the rebuilding of a large area (as of a city) by a [[public]] [[authority]]

# : the rebuilding of a large area (as of a city) by a [[public]] [[authority]]

==Poisson Process==

==Poisson Process==

A '''Poisson process''', named after the French mathematician [http://en.wikipedia.org/wiki/Sim%C3%A9on-Denis_Poisson Siméon-Denis Poisson]  (1781–1840), is a [http://en.wikipedia.org/wiki/Stochastic_process stochastic] [[process]] in which [[events]] occur continuously and [[independently]] of one another (the word [[event]]  used here is not an instance of the [[concept]] of event frequently used in [[probability]] [[theory]]). Examples that are well-[[modeled]] as Poisson processes include the radioactive decay of [[atoms]], telephone calls arriving at a switchboard, page view requests to a website, and rainfall.

A '''Poisson process''', named after the French mathematician [http://en.wikipedia.org/wiki/Sim%C3%A9on-Denis_Poisson Siméon-Denis Poisson]  (1781–1840), is a [http://en.wikipedia.org/wiki/Stochastic_process stochastic] [[process]] in which [[events]] occur continuously and [[independently]] of one another (the word [[event]]  used here is not an instance of the [[concept]] of event frequently used in [[probability]] [[theory]]). Examples that are well-[[modeled]] as Poisson processes include the radioactive decay of [[atoms]], telephone calls arriving at a switchboard, page view requests to a website, and rainfall.