A spinner game has a wheel with the numbers zero through 33 marked in equally spaced slots. Consider a $1 bet on a number from 1 to 33. If your number hits, you have $33 returned to you; otherwise, you lose your $1 bet. Find the expected return for this bet. (Round your answer to two decimal places.)
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 spinner game has a wheel with the numbers zero through 33 marked in equally spaced slots. Consider a $1 bet on a number from 1 to 33. If your number hits, you have $33 returned to you; otherwise, you lose your $1 bet. Find the expected return for this bet. (Round your answer to two decimal places.)
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