Definitions Flashcards
1
Q
Bernouilli Random Variable
A
2
Q
Random variable
A
a numerical summary of a random process
3
Q
Discrete random variable
A
if a random variable can take a countable number of values within a given range ie a spin of a roulette wheel
4
Q
continous random variable
A
a variable which can take on a continuum of possible values
5
Q
expected value of a discrete random variable
A
a probability weighted sum of all values that the random variable can take
6
Q
central limit theorem
A
teh sampling distribuitoin of the mean will always be normally distributed as long as thr sample size is large enough
7
Q
A
