Tarrant County College District Week 7 Variables Discussion

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Tarrant County College District Week 7 Variables Discussion

Business Finance, Tarrant County College District

Tarrant County College District Week 7 Variables Discussion

Question Description

I’m working on a business discussion question and need an explanation and answer to help me learn.

Question 1:

Based on your reading, in your own words, define the following terms:

1) Random variable

2) Discrete random variable

3) Continuous random variable

4) Poisson Distribution

Question 2:

What is the difference between a continuous and discreet random variable?

Question 3:

What is a Poisson distribution and the benefit of using this technique?

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