Generation of Random Numbers Introduction The word random is used quite commonly in our daily life. One may or may not know its meaning… Click here to read more

Application of Random Numbers There are many uses of random numbers in statistics. One of the more important uses is in the selection of… Click here to read more

Examples of Random Numbers Example: Two balanced coins are to be tossed 10 times to record the number of heads each time. Use a… Click here to read more

Random Variable A set of numerical values assigned to all possible outcomes of a random experiment are called random variables. The random… Click here to read more

Discrete Random Variable A random variable $$X$$ is called discrete if it can assume a finite number of values. If two bulbs are… Click here to read more

Continuous Random Variable A random variable is called continuous if it can assume all possible values in the possible range of the random… Click here to read more