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Simple counting rule - PowerPoint PPT Presentation

Lesson 4:

Lesson 4:. Discrete Probability Distributions. Outline. Random Variables and probability distribution. A random variable is a numerical value determined by the outcome of an experiment. A random variable is often denoted by a capital letter, e.g., X or Y.

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Dr. Ka-fu Wong

Dr. Ka-fu Wong. ECON1003 Analysis of Economic Data. Chapter Six. Discrete Probability Distributions. GOALS. Define the terms random variable and probability distribution. Distinguish between a discrete and continuous probability distributions.

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Simple counting rule - PowerPoint PPT Presentation

Lesson 4:

Dr. Ka-fu Wong