Define Random Variable. Give real-life examples.

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Define Random Variable. Give real-life examples.

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Random Variable:

Terminologies:

Sample SpaceΩ: Collection of all possible outcomes of an random experiment.

σ-field: Non empty  class F of subsets of sample space Ω which is closed under complementation and closed under countable union.

then the pair (Ω,F) is known as Measurable space.

Definition : 

In Probability theory and statistics, Random variable is defined as "a real valued  measurable function defined on sample space Ω"

Let (Ω, F) and (,B) be the two measurable spaces and F be the σ- filed defined on sample space Ω, then real valued function X defined from(Ω,F) to( ,B)  [ i.e. X: (Ω,F):( ,B)]  is  said to be a random variable if and only if,  it is F-measurable function i.e. X-1(B)  F   ;BB  , which means inverse images with respect to X of all borel sets belonging to borel σ-field B are must be in σ-field F.

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