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Jamie Johnson and "For Kidz"
Taking classes at a local university, Jamie heard a consistent theme from many professors, students, and parents in the community: "There is nothing for children in this rural area." Jamie always liked children and thought of starting a business "For Kidz" targeting children 12 and under.
-In order to start "For Kidz" successfully,Jamie needs all of the following elements to come together EXCEPT
Random Variable
A variable that takes on a range of values determined by a random phenomenon, and it's described by its probability distribution.
Probability Density
A mathematical function that specifies the likelihood of a continuous variable taking on a particular value, critical in the context of continuous probability distributions.
Uniform Distribution
A type of probability distribution where all outcomes are equally likely to occur within a certain range.
Continuous Uniform
A distribution that assigns an equal probability to all outcomes in a continuous range.
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