9.1.21-GI E Question Help An online gambling site offers a first prize of $50,000 and two second prizes of $15,000 each for registered users when they place a bet. A random bet will be selected over a 24-hour period. Two million bets are received in the contest. Find the expected winnings if you can place one registered bet of $3 in the given period. Let x be the amount of the net winnings. What are the possible values of x? (Use a comma to separate answers as needed. Do not use commas in the individual values. Do not include the $ symbol in your answer.)
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.
Part A) What are the possible values of x?
Part B) Find the expected winnings if you can place one registered bet of $3 in the given period.
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