See Also: Discrete random variable(money)
discrete random variable(medicine)
Discrete random variable(finance)
mixed discrete-continuous random variable(medicine)
Discrete variable(finance)
Discrete variable(money)
discrete variable(medicine)
random variable(encyclopedia)
random variable(medicine)
Random variable(money)

Discrete random variable (money)


Definition: [crh] A random variable that can take only a certain specified set of individual possible values-for example, the positive integers 1, 2, 3, . . . For example, stocDefinition: k prices are discrete random variables, because they can only take on certain values, such as $10.00, $10.01 and $10.02 and not $10.005, since stocks have a minimum tick size of $0.01. By way of conDefinition: trast, stock returns are continuous not discrete random variables, since a stock's return could be any number.