Random Variable

Introduction to the discrete and continuous random variable and their mean and variance.

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A random variable is a set of possible values from a random experiment. It can be of two types: discrete and continuous.

Discrete random variable: A random variable can take countable numbers of distinct values like 1,2,3,4. These variables are usually counted. The variable can take only a finite number of values. Examples of discrete random variables are customers standing in a queue or number of the people in a movie ...