Find the expected value: You draw a card from a 52 card deck. If you get a black card, you win nothing. If you get a heart, you win $5. For any diamond, you win $6 plus an extra $9 for the Ace of diamonds. What is the expected amount that you will win?
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.
Find the
You draw a card from a 52 card deck. If you get a black card, you win nothing. If you get a heart, you win $5. For any diamond, you win $6 plus an extra $9 for the Ace of diamonds. What is the expected amount that you will win?
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