You Can Use a Continuous Random Variable to ____________________ a Discrete

question 5

Short Answer

You can use a continuous random variable to ____________________ a discrete random variable that takes on a countable,but very large,number of possible values.

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Definitions:

Binomial Experiment

A statistical experiment that has exactly two possible outcomes for each trial and a fixed number of trials.

Portfolio Managers

Professionals responsible for making investment decisions and overseeing the composition of investment portfolios.

Successful Purchases

Transactions where the buyer obtains the desired product or service without any significant problems.

Contingency Table

A table used in statistics to summarize the relationship between several categorical variables.