Emily has $10000 to invest in Apple stock. In the next month, the stock has a 30% chance of gaining 12%, a 40% chance of gaining 3% and a 30% chance of losing 6%. What is her expected value for this investment?
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.
Emily has $10000 to invest in Apple stock. In the next month, the stock has a 30% chance of gaining 12%, a 40% chance of gaining 3% and a 30% chance of losing 6%. What is her
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