Find a random variable in your day-to-day life, call it X(ω
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Get it written →Find a random variable in your day-to-day life, call it X(ω), and do the following: Describe X as either quantitative, qualitative, discrete, continuous, etc. • Give the support of X (i.e. its possible range of values) Speculate on its distribution. Is it normal, geometric, exponential, etc. Give specific reasons and justification for this speculation! Sample this random variable at least 5 times. Use this sample to estimate its parameters. Give the newly parameterized distribution explicitly.
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