Random variables (RV) occur frequently in real-life. Some RVs that you may have encountered or heard about are exit polls during elections, sampling from a public survey, maintenance programs for equipment based on a sampling of failure data, projection of stock market performance using Monte Carlo simulations, and in telephone and telecommunication systems in the systems that filter out noise on the line.

Research to find other or more specific applications of random variable statistics in industry, science, entertainment, medicine, or whatever. Explain the application and its purpose.