For example, stock prices are discrete random variables, because they can only take on certain values, such as $10.00, $10.01 and $10.02 and not $10.005, since stocks have a minimum tick size of ...

Key Points 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 ...

It includes discrete and continuous random variables, their probability distributions and analytical and statistical methods for determining the mean, variance and higher order moments that ...