A random variable that can take only a certain specified set of individual possible values-for example, the positive integers 1, 2, 3, . . . For example, stock prices are discrete random variables, ...

Discover how probability distribution methods can help predict stock market returns and improve investment decisions. Learn ...

In the world of data analysis and statistics, continuous and discrete data play fundamental roles. These two types of quantitative data serve different purposes as people use them to draw valuable ...

Continuous Variable: can take on any value between two specified values. Obtained by measuring. Covariance: a measure of the direction of the linear relationship between two variables. Discrete ...

Classifying a variable as a particular type of data is important when considering how to present the data. Data can be presented in a number of ways, which depends on the type of variable and the uses ...