Random Variables and Probability Distribution Functions

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What is the purpose of a cumulative distribution function?

To stipulate the probability of a random variable being less than or equal to a specific value

What does the standard normal distribution N~[0,1^2] indicate?

A continuous, unimodal, and mean=mode=median distribution

What is the main purpose of the NORMDIST command mentioned in the text?

To numerically integrate the specified Normal distribution from -infinity to X

What does the term 'random value' refer to in the context of the provided text?

A quantity assigned by chance to the outcome of a random event

Test your knowledge of random variables, probability distribution functions, and empirical descriptions of random variables. This quiz covers concepts such as random values, probability, histograms, and cumulative distribution functions.

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