Carnival A carnival game offers a $100 cash prize foranyone who can break a balloon by throwing a dart at it.It costs $5 to play, and you’re willing to spend up to $20trying to win. You estimate that you have about a 10%chance of hitting the balloon on any throw.a) Create a probability model for this carnival game.b) Find the expected number of darts you’ll throw.c) Find your expected winnings.
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.
Carnival A carnival game offers a $100 cash prize for
anyone who can break a balloon by throwing a dart at it.
It costs $5 to play, and you’re willing to spend up to $20
trying to win. You estimate that you have about a 10%
chance of hitting the balloon on any throw.
a) Create a probability model for this carnival game.
b) Find the expected number of darts you’ll throw.
c) Find your expected winnings.
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