For this problem, assume that the lottery pays $ 20 on one play out of 200, it pays $ 2000 on one play out of 2500, and it pays $ 17500 on one play out of 150000. (1) What probability should be assigned to a ticket's paying $ 20? (2) What probability should be assigned to a ticket's paying $ 2000? (3) What probability should be assigned to a ticket's paying $ 17500
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.
For this problem, assume that the lottery pays $ 20 on one play out of 200, it pays $ 2000 on one play out of 2500, and it pays $ 17500 on one play out of 150000.
(1) What
(2) What probability should be assigned to a ticket's paying $ 2000?
(3) What probability should be assigned to a ticket's paying $ 17500?
(4) What probability should be assigned to a ticket's not winning anything?
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