A raffle is being held to benefit the local animal shelter. They sell 696 tickets that do not win any prize, 13 tickets that win a free adoption (valued at $20), and one ticket that wins $133 worth of pet supplies and toys. If they are selling the tickets for $5 each, how much should the shelter expect to earn for each ticket sold? Round to the nearest cent, as needed.
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 raffle is being held to benefit the local animal shelter. They sell 696 tickets that do not win any prize, 13 tickets that win a free adoption (valued at $20), and one ticket that wins $133 worth of pet supplies and toys. If they are selling the tickets for $5 each, how much should the shelter expect to earn for each ticket sold?
Round to the nearest cent, as needed.
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