An economic or statistical variable that takes on multiple (or a continuum of) values, each with some probability that is specified by a probability distribution (or probability density function).
Related information about random variable:
- Random variable - Wikipedia, the free encyclopedia
In probability and statistics, a random variable or stochastic variable is a variable whose value is subject to variations due to chance (i.e. randomness, in a ...
- Statistics Glossary - random variables and probability distributions
A random variable has either an associated probability distribution (discrete random variable) or probability density function (continuous random variable).
- Random Variables
Suppose a random variable X may take k different values, with the probability that X = xi defined to be P(X = xi) = pi. The probabilities pi must satisfy the following ...
- Random Variable -- from Wolfram MathWorld
A random variable is a measurable function from a probability space (S,S,P) into a ... 88) gives the slightly different definition of a random variable X as a real ...
- Random variable - YouTube
Videos · About. Search Channel. Wikipedia. In probability and statistics, a random variable or stochastic variable is a variable whose value is subject to varia.
- Random Variable Definition | Investopedia
A variable whose value is unknown or a function that assigns values to each of an experiment's outcomes. Random variables are often designated by letters and ...
- Introduction to Random Variables | Statistics | Khan Academy
I'll now introduce you to the concept of a random variable. And for me this is ... Well, we can define a random variable that will quantify it. We can say this random ...
- Random variable
A random variable is a mathematical function that maps outcomes of random experiments to numbers. It can be thought of as the numeric result of operating a ...