A typical example of a random variable is the outcome of a coin toss. Consider a probability distribution in which the outcomes of a random event aren’t equally likely to happen. Y could be 0 ...

The binomial distribution, for example, is a discrete distribution ... Overall, the concepts of discrete and continuous probability distributions and the random variables they describe are the ...

If you are analyzing how fluctuations in sales will affect your business, for example ... function to establish probability and create a random variable with normal distribution.

Sample space, Field and Probability Measure. Axiomatic definition of Probability. Bayes' theorem. Repeated trials. Continuous and discrete random variables and their probability distribution and ...

For example, in the case of the tossing of an unbiased coin, if there are 3 trials, then the number of times a ‘head’ appears can be a random variable. Probability Distribution: A probability ...