At a Carnival you see two games: A) For $1 you roll a six-sided die. If the number showing is a six you win $10, otherwise, you win nothing You decide to find the expected value of the game, which is 2/3. What does this mean? B) A vendor shuffles a standard 52 deck of cards. It's automatically $3 dollars to play, and if you pick a spade you win $10. What is the expected value of the game?
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.
At a Carnival you see two games:
A) For $1 you roll a six-sided die. If the number showing is a six you win $10, otherwise, you win nothing You decide to find the
B) A vendor shuffles a standard 52 deck of cards. It's automatically $3 dollars to play, and if you pick a spade you win $10. What is the expected value of the game?
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