what is Random Variable?
The word Random Variable is quite commonly used in our daily life. Table of Random numbers have desired properties no matter how chosen from the table by rows, columns, diagonal, or irregularly. The first such table was published by L.H.C. tippet in 1927. The Table of Random numbers contains digits 1,2,3…9. Most modern methods of selecting a sample are based on the theory of random selection. Discrete Random Variable and Continuous Random Variable are the types of Random Variable.
According to a simple definition of Random number
“A random number is a numerical quantity whose value depends on chance.”
According to a proper definition of Random variable
“A Random variable is a set of values assigned to all possible outcomes of a random experiment.” A random variable can also be written as r.v. If we write A, B, C…F on the six faces of a die these letters are not Random variables but if we right some numerical values like 1,2,3,4,5,6 on six faces of the die, Then we have a set of values called Random variable. A distribution that gives probability to each value of the random variable is called a probability distribution. random variable also called a chance variable
Examples of Random Variable
- The number of errors per page in a balance sheet
- The height (in cm) of players of a basketball team
- A countable number of values
Types of Random Variables
There are two types of Random variable
- Discrete random variable
- Continuous Random variable
Define Discrete Random Variable?
A random variable X that can assume finite or countably infinite or only some selected values in a given interval is called a discrete random variable. Its probability is denoted by p(x). Discrete probability function provides a probability for each value of the discrete random variable.
Examples of discrete random variable
- The number of bacteria in 1cc of water
- The number of fatal accidents
- Number of tails obtained in the toss of four coins
- Number of houses in a certain town
Define Continuous Random Variable?
A random variable X that can assume an unlimited number of variables in a given interval is called a Continuous Random variable. The probability density function provides probabilities for each value of a continuous random variable. It can be a formula or equation.
Examples of a continuous random variable
- The price of a car
- Weight of a person
- Length of a bridge
- The height of a person
- The amount of rainfall
Properties of Random numbers
- Random number is used to obtain the number of items in a population.
- By using a random number table, even digits 0,2,4,8 will stand for head and odd digits 1,3,5 7,9 will stand for the tail.