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, ...

Discrete data is categorical data, rather than continuous measurements. It can be treated as continuous data, but that depends on the measurements set. It allows you to quantify things like pass/fail ...

Stochastic dominance (SD) theory is concerned with orderings of random variables by classes of utility functions characterized solely in terms of general properties. This paper discusses a type of ...

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