Business projection: An investor is considering a s10,000o investment in a start-up company. She estimates that she has probability 0.38 of a s10,40o loss probability 0.21 of a s7800 profit, probability o0.10 of a s38,000 profit, and probability 0.31 of breaking even (a profit of so). What is the expected value of the profit? Would you advise the investor to make the investment? Part: 0 / 2 Part 1 of 2 The expected value of the profit is $.

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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.