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One method I am toying multiplies each value by 1000 then drops all the digits that are greater than 1, eg 10.7823432... becomes 0.23432....

Using this method I get a distribution that appears to be random with equal probability for each value. Two questions:

1) What is the technical term for a distribution of random values where every value has an equal probability of occurring?

2) Is my method for obtaining this set of numbers reasonable?