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What is a Random Variable?

Statistics

This lesson is part 6 of 6 in the course Introduction to Statistics

This video introduces you to the concept of random variables. It is one of the most important concepts in Finance. For example this can be viewed as the outcome of throwing a die where the process is fixed by the outcome is not.

Random variables describe key things like asset returns. We then use distribution functions to characterize the random variables.

Video by Khan Academy.

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In this Course

  • Correlation and Covariance
  • Type I and Type II Errors
  • Probability: Permutations and Combinations
  • Baye’s Theorem
  • Central Limit Theorem
  • What is a Random Variable?

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