What is another word for chance variable?
Pronunciation: [t͡ʃˈans vˈe͡əɹɪəbə͡l] (IPA) 
Chance variable is a term used in statistics to define a variable whose values are determined by chance. It is also referred to as a random variable or stochastic variable. The concept of chance variable is important in statistical analysis as it helps in predicting possible outcomes in a given situation.
Other terms that can be used as synonyms for chance variable include aleatory variable, uncertain variable, probability variable, and random element. These terms all describe a variable that is subject to chance, and whose outcomes cannot be accurately predicted with certainty. Understanding the terminology used in statistics can enhance the accuracy and reliability of scientific research, leading to more precise predictions and better decision-making.
