A random variable is one whose value is unknown or a function that assigns values to each of an experiment’s outcomes. A random variable can be discrete or continuous.

Limit Theorem: A mathematical result that describes the convergence behaviour of a sequence of random variables, often exemplified by the central limit theorem, as the number of observations ...

Discrete random variable A random variable that can take only a certain specified set of individual possible values-for example, the positive integers 1, 2, 3, . . .

It includes discrete and continuous random variables, their probability distributions and analytical and statistical methods for determining the mean, variance and higher order moments that ...