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Define (a) random process, (b) random variable, (c) discrete random variable, and (d)
(a)
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Define the term “random process”.
Explanation of Solution
Random process:
The random process is defined as the probability model which is assigned to the corresponding outcomes that exist in the sample space.
(b)
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Define the term “random variable”.
Explanation of Solution
Random variable:
The random variable is defined as the rule or function that assigns numerical values to all outcomes which exist in the sample space of a random experiment.
(c)
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Define the term “discrete random variable”.
Explanation of Solution
Discrete random variable:
The discrete random variable is a random variable which has the countable number of distinct values.
(d)
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Define the term “Probability distribution”.
Explanation of Solution
Probability Distribution:
The probability distribution assigns probabilities corresponding to the values of random variable.
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APPLIED STAT.IN BUS.+ECONOMICS
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- College AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning
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