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Name: Based on the following table for giving out extra credit. What is the
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Description: Based on the following table for giving out extra credit. What is the expected value of this extra credit scheme?6-sided die Extra Credit PlanRollProbabilityCredit1 +52 +33 +24 -35 -56 -3

Math

Probability

Based on the following table for giving out extra credit. What is the expected value of this extra credit scheme? 6-sided die Extra Credit Plan Roll Probability Credit 1 +5 2 +3 3 +2 4 -3 5 -5 6 -3

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.CR: Chapter Review

Problem 77E

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Concept explainers

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.

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Based on the following table for giving out extra credit. What is the expected value of this extra credit scheme?

6-sided die Extra Credit Plan

*Roll*	*Probability*	*Credit*
1		+5
2		+3
3		+2
4		-3
5		-5
6		-3

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