A _____ is a quantity with uncertain future outcomes. A _____ takes on a countab

Question

A _____ is a quantity with uncertain future outcomes. A _____ takes on a countable number of possible values The function over which a random variable takes its value is called the _____ The _____ gives the probability that a random variable; X is less than or equal to a denoted value x, P(X lessthanorequalto x). A repeating event with only two possible outcomes is called a _____ Write out the formula for combinations. Explain each variable. Write out the formula for permutations. Explain each variable Which one is usually larger? Why? If your success as a stock trader for picking profitable trades is 50% and you make a total of 8 trades, what are the chances that, 3 or more, of the 8 trades will be profitable? What are the chances that none are profitable? What's the median of this set of numbers: 7, 8, 9, 15, 16, 19, 15, 25 What's the variance of this series: 15, 18, 44, 32, 19, 21, 27, 20, 23

Explanation / Answer

1.

Random variable

2.

Discrete random variable

3.

Continuous random variable

4.

Cumulative Distribution Function

5.

Bernoulli trial

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