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Random Variable
a variable that assumes numerical values associated with the random outcome of an experiment, where one (and only one) numerical value is assigned to each sample point
Discrete Random Variable
a countable number of values
Ex: number of sales, number of calls, mistakes per page, people in line
Continuous Random Variable
any value along a given interval of a number line
Ex: length, depth, volume, time, weight
Probability Distributions for Discrete Random Variables
consists of all possible values of a random variable with their associated probabilities
What are the 2 main conditions?
p(x) >= 0 (for all values of x)
Sum of all the probabilities must equal 1