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Random variable
A variable whose value is a numerical outcome of a random process.
Discrete random variable
A random variable that takes a countable set of possible values, with gaps between values.
Probability distribution
A description of the possible values of a random variable and the probability of each value.
Expected value
The mean of a random variable; its long-run average value over many repetitions.
Continuous random variable
A random variable that can take any value in an interval of numbers.
Density curve
A model for a continuous distribution; the area under it is 1, and area over an interval gives its probability.
Normal distribution
A symmetric, bell-shaped continuous distribution described by its mean and standard deviation.
Empirical rule
For an approximately normal distribution, about 68%, 95%, and 99.7% of values fall within 1, 2, and 3 standard deviations of the mean.
Standard normal distribution
A normal distribution with mean 0 and standard deviation 1.
Variance
The square of the standard deviation; a measure of spread in squared units.
Standard deviation
A measure of the typical distance of a random variable's values from its mean.
Independent random variables
Random variables for which knowing one value does not change the probability distribution of the other.
Linear transformation
A change to a random variable of the form a + bX, where a and b are constants.