Random variables are a key concept in probability theory. A random variable is a variable that can take on different values, each with a certain probability. They can be discrete or continuous.
In this exercise, we are dealing with discrete random variables:
- The pocket chosen can be seen as a random variable with two outcomes: right or left.
- The coin picked is another random variable with possible outcomes based on the types of coins present.
By using these random variables, we model and calculate the probabilities of different events occurring.
The fact that the coin chosen is a nickel, makes the event conditional based on the initial probabilities of picking from each pocket and the different types of coins in them. This illustrates how random variables help in the precise modeling of real-world scenarios in probability theory.