# Continuous random variable

- A random value that can take any fractional value within specified ranges, as contrasted with a discrete variable.
__The New York Times Financial Glossary__

*Financial and business terms.
2012.*

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**continuous random variable**— A random value that can take any fractional value within specified ranges, as contrasted with a discrete variable. Bloomberg Financial Dictionary … Financial and business terms**Random variable**— A random variable is a rigorously defined mathematical entity used mainly to describe chance and probability in a mathematical way. The structure of random variables was developed and formalized to simplify the analysis of games of chance,… … Wikipedia**Random Variable**— A variable whose value is unknown or a function that assigns values to each of an experiment s outcomes. Random variables are often designated by letters and can be classified as discrete, which are variables that have specific values, or… … Investment dictionary**random variable**— Statistics. a quantity that takes any of a set of values with specified probabilities. Also called variate. [1935 40] * * * In statistics, a function that can take on either a finite number of values, each with an associated probability, or an… … Universalium**discrete random variable**— A random variable that can take only a certain specified set of individual possible values for example, the positive integers 1, 2, 3, . . . For example, stock prices are discrete random variables, because they can only take on certain values,… … Financial and business terms**Continuous probability distribution**— In probability theory, a probability distribution is called continuous if its cumulative distribution function is continuous. That is equivalent to saying that for random variables X with the distribution in question, Pr [ X = a ] = 0 for all… … Wikipedia**Random element**— The term random element was introduced by Maurice Frechet in 1948 to refer to a random variable that takes values in spaces more general than had previously been widely considered. Frechet commented that the development of probability theory and… … Wikipedia**variable**— 1. That which is inconstant, which can or does change, as contrasted with a constant. 2. Deviating from the type in structure, form, physiology, or behavior. [L. vario, to vary, change, differ] continuous v. a v. that may take on any … Medical dictionary**Continuous stochastic process**— Not to be confused with Continuous time stochastic process. In the probability theory, a continuous stochastic process is a type of stochastic process that may be said to be continuous as a function of its time or index parameter. Continuity is a … Wikipedia**Continuous-time Markov process**— In probability theory, a continuous time Markov process is a stochastic process { X(t) : t ≥ 0 } that satisfies the Markov property and takes values from a set called the state space; it is the continuous time version of a Markov chain. The… … Wikipedia