Data Analysis And Business Analytics 2 .edited

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Data Analysis and Business Analytics
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Data Analysis and Business Analytics
A random variable is a quantity whose number is unknown or a function that allocates
values to every component of an experiment’s results. These variables are frequently applied in
regression or econometric analysis to establish statistical associations among one another
(Horowitz, 2019). They are commonly used in probability and statistics to quantify outcomes of
unsystematic occurrences. Two primary types of such factors are discrete and continuous random
variables. A discrete random variable has a specific value. The value can be established by
counting. In contrast, a continuous variable includes a quantity with any value within a
successive range. The value of such a variable is obtained by measuring.
A binomial exper …
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