Understanding Random Variables and Probability Distributions
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Random Variables
A random variable is a numerical quantity that takes on different values depending on chance. There are two primary types:
- Discrete (PMF): A countable set of possible outcomes (e.g., the number of cases in an SRS from the population).
- Continuous (PDF): An unbroken continuum of possible outcomes (e.g., the average weight of an SRS of newborns selected from the population).
Key Statistical Definitions
- Population: The set of all possible values for a random variable.
- Event: An outcome or a set of outcomes.
- Probability: The proportion of times an event is expected to occur in the population.
Note: Ideas about probability are founded on relative frequencies (proportions) in populations.
Probability Calculation Example
In a given year, there... Continue reading "Understanding Random Variables and Probability Distributions" »