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  1. Statistics How To
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    Random Variable: What is it in Statistics? - Statistics …

    • In algebra you probably remember using variables like “x” or “y” which represent an unknown quantity like y = x + 1. You solve for the value of x, and x therefore represents a particular number (or set of number… See more

    Discrete and Continuous Random Variables

    Random variables can be discrete or continuous. Discrete random variableshave the following properties : 1. Countable number of possible values, 2. Probability of each value … See more

    Statistics How To
    Random Event Examples

    Rolling a die is a random event and you can quantify (i.e. give a number to) the outcome. … See more

    Statistics How To
    Random Event Probabilities

    Random variables are most often used in conjunction with a probability of a random event happening. Say you wanted to see if the probability of getting four aces in a hand when playi… See more

    Statistics How To
    Mean and Mode of A Random Variable

    The mean of a discrete random variable is the weighted mean of the values. The formula is: μx = x1*p1 + x2*p2 + hellip; + x2*p2 = Σ xipi. In other words, multiply each given valu… See more

    Statistics How To
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