stochastic variable

WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

Definitions from WordNet

Noun stochastic variable has 1 sense

random variable, variate, variant, stochastic variable, chance variable - a variable quantity that is random
--₁ is a kind of variable, variable quantity

Definitions from the Web

Stochastic Variable

Definition:

A stochastic variable, also known as a random variable, is a quantity whose value is determined by a random process or experiment.

Senses:

Mathematics: In mathematics, a stochastic variable represents the outcome of a random event or process, and it can take on various values.
Statistics: In statistics, a stochastic variable is a variable whose probability distribution can be derived from observed data.

Usage:

Example 1: In probability theory, the roll of a fair six-sided die can be modeled as a stochastic variable with a uniform distribution.

Example 2: The revenue generated by a new product launch can be considered a stochastic variable as it depends on market conditions and consumer behavior.

Related Products:

stoar stoat stoats stob stobborn stobierski stochastic stochastic process stochastic variable stochastically stochasticity stocial stociometeric stociometeric sentence stocism stock-based stock-in-trade

Sponsored (shop thru our affiliate link to help maintain this site):

Check latest bestsellers | New Arrivals in Electronics