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Random Variables and Discrete Probability Distributions

Random Variables and Discrete Probability Distributions

Random Variables and Discrete Probability Distributions

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Raffle Example<br />

• Next, we determine the probability<br />

that each outcome occurs.<br />

�� P(X = $50) = 2/1000 since there are<br />

two prizes of $50 <strong>and</strong> one thous<strong>and</strong><br />

tickets were sold.

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