STAB22H3 Chapter Notes - Chapter 14: Bernoulli Distribution, Random Variable, Squared Deviations From The Mean

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Random variable: is a variable that takes a result from an experiment and gives it a numerical value. For example, when a coin is tossed, the random variable, x, can be defined as: Bernoulli random variable: a variable that takes the value of 1 with a probability of p and the value of 0 which has a probability of q = 1 p. Probability distribution (probability model): is list of values and probabilities that can be obtained from an event. For example, the probability distribution of the number of h (heads) when tossing. To find the mean (expected value) of a random variable, multiply each x value by it"s probability and then add the products together. The mean is represented by e(x) or . Since the median is the midpoint of a specific distribution, there will be an equal probability of falling above or below it.