Discrete
Cannot be broken down into fractions or decimals
Continuous
Can be broken down into fraction and decimals
The expected value of the discrete random variable X
Is denoted as E(X)
The expected value of X squared is
Variance of X formula
If X is a discrete random variable and g is a function,
then g(X) is also a discrete random variable
If g is a function, X is a discrete random variable,
Expected value of g(X) formula is:
If X is a random variable and a and b are constants,
Then E(aX + b) =
If X and Y are random variables then E(X+Y) =
If X is a random variable and a and b are constants then Var(aX + b) =