Definition of random variable in English:
A quantity having a numerical value for each member of a group, especially one whose values occur according to a frequency distribution. Also called variate.
- In this case, the numbers of people wanting to buy tickets at a given fare are random variables.
- Chernoff bounds are the most useful for sums of bounded independent random variables.
- The error terms from the regression equations are modeled as random variables with a probability distribution.
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