A discrete random variable is a variable that can only take on specific, isolated values. It is characterized by a countable set of possible outcomes.
Think of a vending machine that dispenses different types of snacks. Each snack represents a specific value that the random variable can take on. Just like you can only choose one snack at a time from the vending machine, a discrete random variable can only have one specific value at any given time.
Probability Distribution: A probability distribution describes the likelihood of each possible outcome for a random variable.
Binomial Distribution: A binomial distribution is a type of probability distribution that models the number of successes in a fixed number of independent Bernoulli trials.
Expected Value: The expected value, also known as the mean or average, is the long-term average outcome when an experiment is repeated many times. It represents the center or balance point of the probability distribution.
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