A competition offers prize money for players reaching the final. If a player reaches the final, he/she will get 1000 dollars. If the player wins the final and get the champion, another 1000 dollars are offered. Now a player has already reached the semi-final, what’s the expectation of prize money he would have after the competition?
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.
A competition offers prize money for players reaching the final. If a
player reaches the final, he/she will get 1000 dollars. If the player wins
the final and get the champion, another 1000 dollars are offered. Now a
player has already reached the semi-final, what’s the expectation of prize
money he would have after the competition?
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