A quantitative variable x is a _ if the value that x takes on in a given experiment or observation is a chance or random outcome.

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A quantitative variable x is a _ if the value that x takes on in a given experiment or observation is a chance or random outcome.

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2 weeks 2023-01-19T11:20:14+00:00 1 Answer 0 views 0

1. A quantitative variable x is a “Random Variable” if the value that x takes on in a given experiment or observation is a chance or random outcome.

What is Random Variable?

A random variable is one with an unknown value or a function which assigns qualities to each of the outcomes of an experiment.
Some key features regarding the Random Variable are-
• Random variables are frequently denoted by letters and may be categorized as discrete, which have specific values, and continuous, which can have any value within a considerable range.
• A random variable is one with an unknown value or a function that allocates values to each of the outcomes of an experiment.
• A random variable can be discrete (with fixed values) or continuous
• Random variables are most commonly used in probability and statistics to quantify the results of random occurrences.
• Risk analysts predict the likelihood that a negative event occurring using random variables.
To know more about the Random Variable, here
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