A person is trying to decide if he or she should buy a lottery ticket. The ticket costs $2.00. If the ticket is a winner, the prize would be $1,000. Knowing that winning $1,000 is not a certain outcome (state of nature), the person finds that the probability of winning is 0.001. Based on this information, the following payoff table can be constructed: Lose Win $(2.00) $1,000 Buy Do not buy What is the probability of losing $2.00? Multiple Choice 0.001 0.999 100 Cannot be computed

Q: 24 30

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Q: b. 14C11

A: nCr=n!r!×(n−r)!r!=r(r-1)(r-2)×....×3×2×1

Q: What is the probability of drawing a face card (Jack, Queen, or King) or a diamond from a standard…

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Q: 2) 36³x=¹

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Q: In Grade 1l-Einstein there are 49 students, where there are forty-one female students. Find the…

A: We Know that  Ratio is the quantitative relation between two amounts showing the number of times one…

Q: 16 - (9 - 4) ÷ 5 =

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Q: Provide an estimate for each very large or very small quantity.  Express your estimate as a single…

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Q: Gventhe graphety=j(z)sekow.trd the waue /-4).

A: The given diagram is

Q: 9) 60

A: The figure is

Q: 4 11  ✕  5 9

A: Consider the given expression as 411×59. 411×59=4×511×9=2099

Q: 6)270

A: Given data:   The given expression is 270/6.     The number 270 can be written as, 270=3×90=3×2×45

Q: 3,41 140

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Q: 3) 24 12

A: We can find the value of x as below

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Q: 198-33

A: Given: 198-33

Q: 12 wikon 3.

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Q: 22+22+88/8=

A: Solution is given below:

Q: 58)1,325

A: Quotient is 22 Remainder is 49

Q: 20) 14 X 4

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Q: 7

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Q: 2.8x0.7

A: Multiplication: Multiplication is represented by the sign Cross("×"), Asterisk ("*") or Dot (".").…

Q: (402-25)

A: Given: I=4θ2-25dθ We know that ∫x2-a2dx=x2x2-a2-a22logx+x2-a2+c…

Q: 14 1

A: Given triangle is What is another side length?

Q: Evaluate o(7000).

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Q: Xx well l defned

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Q: e product (4 8 10 9)(2 7 6 11)(1 35 12)

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Q: 9/3 7/3 +. 9.

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Q: —5л 6.

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Q: A is a 4x3 matrix, what is the largest possible dimension of the row space of A? If A is a 3x4…

A: If A is a 4×3 matrix, then we need to find the largest possible dimension of the row space of A.…

Q: 4x 17) 413

A: Given :4x4y24y3

Q: 53. Faxt3

A: Given that, xa-1=ax+3 We need to solve it for x.

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.