Random variables serve as theoretical models of uncertainty associated with the outcome of measurement. This unit deals with continuous random variables while the previous two units deal with discrete random variables.In your opinion,Do you think it is useful to have a theoretical model for a situation that occurs in real life? Justify.When forming your answer to this question give an example of a situation from you own field of interest for which a random variable, possibly from one of the types that are presented in this unit, can serve as a model.Discuss the importance (or lack thereof) of having a theoretical model for the situation.

A random variable is a variable whose possible values are numerical outcomes of a random phenomenon.…

Answered: Random variables serve as theoretical…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Random variables serve as theoretical models of uncertainty associated with the outcome of measurement. This unit deals with continuous random variables while the previous two units deal with discrete random variables.

In your opinion,

- Do you think it is useful to have a theoretical model for a situation that occurs in real life? Justify.
- When forming your answer to this question give an example of a situation from you own field of interest for which a random variable, possibly from one of the types that are presented in this unit, can serve as a model.
- Discuss the importance (or lack thereof) of having a theoretical model for the situation.

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