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A random variable is a measurable function: from a sample space as a set of possible outcomes to a measurable space.The technical axiomatic definition requires the sample space to be a sample space of a probability triple (,,) (see the measure-theoretic definition).
Mode: for a discrete random variable, the value with highest probability; for an absolutely continuous random variable, a location at which the probability density function has a local peak. Quantile : the q-quantile is the value x {\displaystyle x} such that P ( X < x ) = q {\displaystyle P(X<x)=q} .
The probability is sometimes written to distinguish it from other functions and measure P to avoid having to define "P is a probability" and () is short for ({: ()}), where is the event space, is a random variable that is a function of (i.e., it depends upon ), and is some outcome of interest within the domain specified by (say, a particular ...
The definition extends naturally to more than two random variables. We say that n {\displaystyle n} random variables X 1 , … , X n {\displaystyle X_{1},\ldots ,X_{n}} are i.i.d. if they are independent (see further Independence (probability theory) § More than two random variables ) and identically distributed, i.e. if and only if
Independence is a fundamental notion in probability theory, as in statistics and the theory of stochastic processes.Two events are independent, statistically independent, or stochastically independent [1] if, informally speaking, the occurrence of one does not affect the probability of occurrence of the other or, equivalently, does not affect the odds.
The fields of mathematics, probability, and statistics use formal definitions of randomness, typically assuming that there is some 'objective' probability distribution. In statistics, a random variable is an assignment of a numerical value to each possible outcome of an event space. This association facilitates the identification and the ...
Probability is the branch of mathematics and statistics concerning events and numerical descriptions of how likely they are to occur. The probability of an event is a number between 0 and 1; the larger the probability, the more likely an event is to occur. [note 1] [1] [2] This number is often expressed as a percentage (%), ranging from 0% to ...
Probability theory or probability calculus is the branch of mathematics concerned with probability.Although there are several different probability interpretations, probability theory treats the concept in a rigorous mathematical manner by expressing it through a set of axioms.