Prob 2.1 Random Variable CFA
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•
Mathematics
•
University
•
Hard
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1.
FLASHCARD QUESTION
Front
What is a random variable?
Back
A random variable is a numerical outcome of a random phenomenon, which can take on different values based on the outcome of a random event.
2.
FLASHCARD QUESTION
Front
What are the two types of random variables?
Back
Discrete and continuous random variables.
3.
FLASHCARD QUESTION
Front
Define a discrete random variable.
Back
A discrete random variable is one that can take on a countable number of distinct values.
4.
FLASHCARD QUESTION
Front
Define a continuous random variable.
Back
A continuous random variable is one that can take on an infinite number of values within a given range.
5.
FLASHCARD QUESTION
Front
Example of a discrete random variable.
Back
The number of students in a classroom.
6.
FLASHCARD QUESTION
Front
Example of a continuous random variable.
Back
The height of students in a classroom.
7.
FLASHCARD QUESTION
Front
What is a probability distribution?
Back
A probability distribution describes how the probabilities are distributed over the values of the random variable.
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