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1 20 chance of each result. Identically distributed means that there are no overall trends the distribution doesn t fluctuate and all items in the sample are taken from the same probability distribution. 2 1 Random Variables And Probability Distributions Introduction To Econometrics With R This…

In fact it is more informative to list examples of sets of random variables that are not iid. Then independent and identically distributed implies that an element in the sequence is independent of the random variables that came before it. Stat312 Lecture Notes Fall 2012 Exponential Distribution …