A local charity is selling raffle tickets to raise money. They plan to sell have 1000 tickets which are sold for $5 each. The winner of the drawing will receive a $900 flat screen television. Is this a fair game?
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 local charity is selling raffle tickets to raise money. They plan to sell have 1000 tickets which are sold for $5 each. The winner of the drawing will receive a $900 flat screen television. Is this a fair game?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
