Compute the expected value of the activities for the school carnival. Does the school make or lose money with each booth? A) It cost $1 per roll of a die. Roll a 6 get $5. Roll a 5 get $2. Roll a 4 get $1. Roll a 3,2,1 get nothing. B) Charge $1 to toss 3 coins If you get all heads or all tails you receive $5. If not, you get nothing. C) $5 to play Draw from a bag that has one $10 bill and four $1bills. You get to keep whichever bill you draw.
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.
Compute the
A) It cost $1 per roll of a die. Roll a 6 get $5. Roll a 5 get $2. Roll a 4 get $1. Roll a 3,2,1 get nothing.
B) Charge $1 to toss 3 coins
If you get all heads or all tails you receive $5. If not, you get nothing.
C) $5 to play
Draw from a bag that has one $10 bill and four $1bills. You get to keep whichever bill you draw.
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