3. A box contains ten Php10 bills, five Php20 bills, three Php50 bills and one Php100 bill, and one Php500 bill. A person is charged Php75 to select one bill. Find the expectation. Is the game fair? 4. Ifa person rolls doubles when he tossed two dice, he wins Php5. For the game to be fair, how much should the person pay to play for the game? 5. If a 60-year-old buys a Php1000 life insurance policy at a cost of Php60 and has a probability of 0.972 of living to age 61, find the expectation of the policy.

Q: At a local fair, a raffle is being held. There were 1,067 tickets were sold for $10 each. There is…

A:

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

A: Given problem Given that   The student council is hosting a drawing to raise money for…

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.