Random Variable: Difference between revisions

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{{Learning concept
{{Learning concept
|Description=A random variable is any variable whose value cannot be predicted or set with certainty. Thus, many input variables in a spreadsheet model represent random variables whose actual values cannot be predicted with certainty.
|Description=A random variable is a quantity resulting from an experiment that, by chance, can assume different values.
|Wikipedia reference=http://en.wikipedia.org/wiki/Random_variable
|Wikipedia reference=http://en.wikipedia.org/wiki/Random_variable
}}
}}

Latest revision as of 19:36, 20 May 2014

Description

A random variable is a quantity resulting from an experiment that, by chance, can assume different values.

Concept Prerequisite

Wikipedia Reference

http://en.wikipedia.org/wiki/Random variable

Learning Material

Covered in Topic(s)

 
Random Variables and Probability Distributions (Discrete and Continuous)