<ul><li>A random variable is a function that assigns a real number to each outcome in the sample space of a random experiment.</li><li>To describe the behavior of a random variable, we need to assign probabilities to its possible values.</li><li>Discrete probability distributions include distributions like the binomial distribution, while continuous distributions describe data that can take any value within a range.</li><li>Understanding concepts of probability distribution is essential for making informed decisions and predictions in various fields.</li></ul>

Probability & its Distribution

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