Bivariate probability distribution,

Definition of Bivariate probability distribution:

1. A function of a discrete variable whose integral over any interval is the probability that the variate specified by it will lie within that interval.

2. The combined probability distribution of two randomly different variables. Normally, these can be plotted graphically on x and y axes so their relationship can be analyzed and any relevant causal effect can be identified. This type of data analysis is useful in risk management.

How to use Bivariate probability distribution in a sentence?

1. The error terms from the regression equations are modeled as random variables with a probability distribution.