Give an example of a simple probability experiment. Identify the random variable and the possible values it could take on.

Why did the scarecrow win an award? Because he was outstanding in his field! Now, let's talk about a simple probability experiment, shall we?

Imagine flipping a fair coin. The random variable in this experiment could be the outcome of the flip, which can take on two possible values: heads or tails. So, the random variable here is the result of the coin flip, and its possible values are "heads" or "tails."