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.
Step 2: Key Formula or Approach:
The probability mass function of a Poisson-distributed random variable \(X\) is given by:
\[ P(X = k) = \frac{\lambda^k e^{-\lambda}}{k!} \]
where \(\lambda\) is the parameter representing the average rate of occurrence.
Step 3: Detailed Explanation:
For a Poisson distribution, the statistical properties are such that:
\[ \text{Mean } (\mu) = E(X) = \lambda \]
\[ \text{Variance } (\sigma^2) = Var(X) = \lambda \]
This equality of mean and variance (\(\mu = \sigma^2 = \lambda\)) is a unique and defining characteristic of the Poisson distribution.
Step 4: Final Answer:
Both mean and variance are equal to \(\lambda\), which corresponds to option (C).