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Question

Consider the following statements regarding random variables :

1. A discrete random variable will have a countable number of distinct values.

2. Continuous random variable is defined for the system which generates a finite number of outcomes within a finite period of time.

Which of the above statements is/are correct?

The correct answer is
1 only

Random Variable Definitions Analysis

We need to evaluate the correctness of two statements regarding random variables.

Statement 1: Discrete Random Variable

  • Definition: A discrete random variable is characterized by taking on a finite number of distinct values or a countably infinite number of distinct values.
  • Analysis: The statement accurately describes a discrete random variable as having a "countable number of distinct values."
  • Conclusion: Statement 1 is correct.

Statement 2: Continuous Random Variable

  • Definition: A continuous random variable can take on any value within a given range or interval. The set of possible values is uncountable.
  • Analysis: The statement defines a continuous random variable as generating a "finite number of outcomes within a finite period of time." This is inaccurate. Continuous variables deal with uncountable possibilities, not finite outcomes within a timeframe. This description does not align with the standard definition.
  • Conclusion: Statement 2 is incorrect.

Final Conclusion

Based on the analysis, only statement 1 is correct. Therefore, the correct option is the one that includes "1 only".

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Important Questions from Random Variables

  1. Consider the following probability density function for a random variable x.

    (a) \(f_{1}(x)=1\ ;\ -1\le x\le 1\)

    (b) \(f_{2}(x)=x\ ;\ 0\le x\le 1\)

    (c) \(f_{3}(x)=(1-x)\ ;\ -1\le x\le 1\)

    Arrange the above functions in terms of the increasing value of mean of random variable x.

  2. Considering all the symbols with their usual meanings, match the following :

    List - I List - II 
    (a) \(f_{X}(x)\)(i) \(\displaystyle\int_{-\infty}^{\infty}f_{X,Y}(x,y)\,dx\)
    (b) \(\displaystyle\int_{-\infty}^{\infty}f_{X}(x)\,dx\)(ii) \(\displaystyle\int_{-\infty}^{a}f_{X}(x)\,dx\)
    (c) \(F_{X}(a)\)(iii) \(\displaystyle\int_{-\infty}^{\infty}f_{X,Y}(x,y)\,dy\)
    (d) \(f_{Y}(y)\)(iv) 1

    Codes :

  3. The density function of a random variable is given by \(p(x)=Ke^{-\frac{x^{2}}{2}}\) for \(-\infty \lt x \lt \infty\). The value of K should be :

  4. Consider a discrete random variable X whose probabilities are given below. The standard deviation of the random variable is ________ (round off to one decimal place).

    $x_1$1234
    $P(X = x_i)$0.30.10.30.3
  5. Consider a discrete random variable X that takes values from the set
    $S = \{0, 1, 2, 3\}$, being the number of individuals of a species within a habitat.
    Consider the probability distribution of X with $Pr(X = 0) = 0.15$,
    $Pr(X = 1) = 0.25$ and $Pr(X = 3) = 0.5$, where Pr denotes probability. The value of
    $Pr(X = 2)$ is __________. (Round off to two decimal places)
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