A raffle is held to raise money to be used for the school’s outreach program. A raffle ticket costs Php 500.00 and there are 4,000 to be sold to Alumni members. The ticket drawn from the raffle will win for its holder the prize of Php 500,000.00. Find the expected value of this raffle.
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 held to raise money to be used for the school’s outreach program. A raffle ticket costs Php 500.00 and there are 4,000 to be sold to Alumni members. The ticket drawn from the raffle will win for its holder the prize of Php 500,000.00. Find the
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