Scribd
Upload
9 views8 pages

Random Variables 4

Uploaded by

lakshmigowda2104
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
9 views8 pages

Random Variables 4

Uploaded by

lakshmigowda2104
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 8

www.reallygreatsite.

com

A group project
Team members-

1.Annanya taparia
2.Saloni yadav
3.Kayesha Jain
4.Ayushi Gupta
5.Christa
6.Kanika Gupta
Random
variable
Random variable is a real valued
function whose domain is the sample space associated with a random
experiment and range is the real line.
Two types of random variables
Discrete random Continuous random
variable variable

random variables that can Random variables that can assume


assume a countable number values corresponding to any of the
points contained in one or more
(finite or infinite) of values
intervals
The probability distribution of a discrete random
variable specifies the probabilities associated with
each possible value that the variable can take.

Requirements for a probability distribution of a


discrete random variable:
1. Each Probability is Non-negative: The probability assigned to each
possible value of the random variable must be non-negative (i.e.,
greater than or equal to zero).
2. Sum of Probabilities Equals 1: The sum of the probabilities for all
possible values of the random variable must equal 1. This reflects the
certainty that one of the possible outcomes will occur.

For example, if X is a discrete random variable


representing the outcome of rolling a fair six-sided die, the
probability distribution might look like this:
Mean, variance, and standard deviation are key
measures of central tendency and dispersion for
random variables.

Standard
Mean Variance
deviation

The mean, or expected value, of a discrete The variance of a discrete The standard deviation of a discrete random

random variable x is random variable x is variable is equal to the square root of the variance,
Problem
Suppose you invest a fixed sum of money in each of five Internet business ven-tures. Assume you know
that 70% of such ventures are successful, the outcomes of the ventures are independent of one another,
and the probability distribution for the num-ber, i, of successful ventures out of five is
Solution:
Thank You

You might also like