PROPERTIES OF RANDOM VARIABLES (MATH)1. In your own words, what is a random variable?2. A wallet containing four 100 peso bills, two 200 peso bills, three 500 peso bills, and one1,000 peso bill. Construct a probability distribution for the data.3. In applying probability in real life situation, why do we need to study the concept ofProbability Distribution?4. Give me a situation that gives the differences between discrete and continuous randomvariable.

1 . Random variable ? Let me explain in simple words , first what is it ? - A Function f : S →…

Answered: PROPERTIES OF RANDOM VARIABLES (MATH)…

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter14: Counting And Probability

Section14.3: Binomial Probability

Problem 43E

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