Question

The random variables are iid with a probability density funded motivated from a practical point of view. What does "iid" stand for?

a) Interdependent and Independent
b) Intersecting and Identical
c) Independent and Identically distributed
d) Indifferent and Identical

Answer 1

The term 'iid' stands for 'Independent and Identically distributed'. In the context of random variables, 'iid' refers to a set of random variables that are independent of each other and have the same probability distribution.

Step-by-step explanation:

The term 'iid' stands for 'Independent and Identically distributed'.

In the context of random variables, 'iid' refers to a set of random variables that are independent of each other and have the same probability distribution.

For example, if you have a sample of exam scores from different students, and each score is a random variable, if these scores are 'iid', it means that they are independent and come from the same underlying distribution.