A discrete random variable is a type of random variable that can take on a countable set of distinct values. Common examples include the number of children in a family, the outcome of rolling a die, ...

Colorblindness is caused by a recessive gene on the X chromosome. Since men have only one X chromosome, if a man carries the colorblindness allele (gene form), he will have the trait. Women have two X ...

Discrete random variables take only specific, countable values. Stock prices are examples of discrete random variables due to tick sizes. Continuous random variables, like stock returns, can take any ...

This program generates N amount of random variables for continuous uniform, exponential, Bernoulli, Poisson, Binomial, Gamma, and discrete distribution with the support set {1,2,3,4} and pmf P[W_i=j]= ...

In a raffle with 20 tickets, 6 tickets are drawn for prizes. The first prize winner gets $\$20$, 2 second prize winners get $\$10$, and three third prize winners get $\$5$. What is the sample space ...

A **variable** is said to be **random** if its values are determined by a random experiment. In other word, **random variable** is a numerical description of the ...

A random variable that can take only a certain specified set of individual possible values-for example, the positive integers 1, 2, 3, . . . For example, stock prices are discrete random variables, ...

Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn ...