Random Variable Advanced

Random Variable

Advanced

Variable whose values depend on chance.

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Definition

Full Definition

Variable whose values depend on chance.

Keywords

stochastic quantity

Domains

Probability & Statistics

Related Terms

Probability Distribution related to

Describes likelihoods of random variable outcomes.

 Expectation related to

Average value under a distribution.

 Variance related to

Measure of spread around the mean.

 Covariance related to

Measures joint variability between variables.

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