News
A continuous random variable is a type of variable that can take on any value within a given range. Unlike discrete random variables, which have a countable number of outcomes, continuous random ...
Continuous Variable: can take on any value between two specified values. Obtained by measuring. Discrete Variable: not continuous variable (cannot take on any value between two specified values).
Consider that X is the time (in minutes) that a person has to wait in order to take a flight. If each flight takes off each hour X ~ U(0, 60). Find the probability that (a) waiting time is more than ...
In 1965 Stanley Warner [8] illustrated a technique whereby one could estimate from a sample the proportion of persons in a population possessing some characteristic X, without pointedly asking the ...
The main property of a discrete joint probability distribution can be stated as the sum of all non-zero probabilities is 1. The next line shows this as a formula. The marginal distribution of X can be ...
In a number of situations we are faced with the problem of determining efficient estimates of the mean and variance of a distribution specified by (i) a non-zero probability that the variable assumes ...
Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Suzanne is a content marketer, writer, and fact-checker.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results