Understanding Random Variables, Distributions, and Statistics

Posted by on Mar 6, 2025 in Political Sciences and Public Management | 0 comments

Random Variables and Distributions

Random variable: A variable that contains the outcomes of a chance experience.

Discrete distribution: Many possible outcomes, but they are countable. It’s usually about counting the number of variables.

Mean or expected value: Repeating the experiment enough times so that the average approaches a long-run average.

Continuous distribution: These are for random variables that can take any number of infinite values and possibilities. It is usually measured variables (

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