chance variable

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chance variable

A student rolls a chance variable in a board game.

Definition

Noun: A chance variable is a variable quantity whose value is subject to variations due to chance. It is a numerical outcome that depends on a random phenomenon.

Usage

A chance variable is a fundamental concept in probability and statistics, representing an uncertain numerical quantity. It is the formal term for what is more commonly called a random variable in modern usage. - In this experiment, the number of heads flipped is a chance variable. - The researcher defined the daily temperature as the chance variable in her climate model.

Advanced Usage
  • Theoretical Context: In formal probability theory, a chance variable is a function that maps outcomes from a sample space to real numbers.
    • The probability distribution describes all possible values of the chance variable and their likelihoods.
Variants and Related Words
  • Random Variable (n): The modern and more frequently used synonym for chance variable.
    • The expected value of a random variable is a key concept.
Synonyms
  • Random Variable
  • Stochastic Variable
  • Variate
Related Phrases/Idioms

(This term is a technical noun and is not commonly used in idiomatic or phrasal verb constructions.)

chance variable

A student rolls a chance variable in a board game.

Noun
  1. a variable quantity that is random