Continuous Variable: can take on any value between two specified values. Obtained by measuring. Discrete Variable: not continuous variable (cannot take on any value between two specified values).

A continuous r. v. can only hypothetically assume any value on a continuum. When only an approximating discrete r. v. ("discretization") is observable, estimation procedures employing the hypothetical ...

This is the metadata section. Skip to content viewer section. Continuous probability distributions have long been used to model the wind data. No single distribution can be declared accurate for all ...

This course is compulsory on the BSc in Actuarial Science and BSc in Financial Mathematics and Statistics. This course is available on the BSc in Business Mathematics and Statistics, BSc in ...

This course provides a rigorous introduction to calculus-based probability and statistical theory, with applications primarily drawn from engineering and the environmental sciences. Topics include: ...