In the cases we have seen so far, a random variable has a single distribution, possibly depending on parameters. While, in general, a random variable can have only one distribution, it is often…
Oftentimes when two random variables (X, Y) are observed, the values of the two variables are related. For example, it may be that knowledge about the value of X gives information about the value of…
All of the models previously discussed involved only one random variable and were called univariate models. We now move forward and discuss probability models that involve more than one random…