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Further Probability Revisions and Random Variables Montes Pablito JR
Further Probability Revisions and Random Variables Montes Pablito JR
• Continuous Random Variables – can assume any one of an infinite set of values.
RANDOM VARIABLES – NUMBERS
RANGE OF RANDOM
EXPERIMENT OUTCOME RANDOM VARIABLES VARIABLES
Send out 5,000 sales letters Number of people responding to the Z 0,1,2,…, 5,000
letters
Test the lifetime of a bulb (minutes) Length of time the bulb lasts up to S 0 ≤ S ≤ 80,000
80,000 minutes
RANDOM VARIABLES – NOT NUMBERS
RANGE OF RANDOM
EXPERIMENT OUTCOME RANDOM VARIABLES VARIABLES
Good 3 if Good
Consumers respond to how they Average 2 if Average 1,2,3
like a product
Poor 1 if Poor
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