Random variable


 

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Random variable

An economic or statistical variable that takes on multiple (or a continuum of) values, each with some probability that is specified by a probability distribution (or probability density function).

Random variable

A function that assigns a real number to each and every possible outcome of a random experiment.



Random variable

Similar Matches

Variable rate

Variable rate

A varible-rate agreement, as distinguished from a fixed-rate agreement, calls for an interest rate that may fluctuate over the life of the loan. The rate is often tied to an index that reflects changes in market rates of interest. A fluctuation in the rate causes changes in either the payments or the length of the loan term. Limits are often placed on the degree to which the interest rate or the payments can vary.


Variable rate demand note

Variable rate demand note

A note that is payable on demand and bears interest tied to a money market rate.


Variable rate mortgage

Variable rate mortgage

A mortgage where the interest rate is not fixed and which is dependent on influences such as interest rates on Treasury securities in the US or base rate in the UK.


Variable annuity

Variable annuity

See: 'annuity'.


Meff Renta Variable

Meff Renta Variable

Stock index and equity derivatives market in Spain trading futures and options on the Iberian Exchange (IBEX)-35 index and on individual stocks.


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