A spinner game has a wheel with the numbers 1 through 29 marked in equally spaced slots. You pay $1 to play the game. You pick a number from 1 to 29. If the spinner lands on your number, you win $24. Otherwise, you win nothing. Find the expected net winnings for this game. (Round your answer to two decimal places.) $_____

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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.