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Variable
Any information that is measurable and observable
Random Variables
Assumes numerical values that associated with the random outcome of an experiment
Values are determine by chance
Two types of Random Variables
Discrete Random Variable and Continunous Random Variable
Discrete Random Variable
Countable
Continuous Random Variable
Measurable
Experiment
Process generated well defined outcomes
Probability
Models of uncertainty
0 to 1
Outcomes
Results
Sample space
Possible sample points / all possibility