Game of Chance Problem (A Roulette Wheel) A roulette wheel in a fiesta carnival has the numbers 1 through 30. If you bet P5.00 you will have a chance to win a prepaid load worth P100.00. Let X denote the net gain for a bet. a. Complete the table below showing the probability distribution of X. 95 -5 P(x) b. Find the expectation if you play a bet and interpret the result. E(x) = Interpretation: c. How much the organizer will earn if 100 games will be played such that each number has a bet of P5.00? (Hint: Compute for the net gain of the organizer per game and multiply it by 100)
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.
How much the organizer will earn if 100 games will be plyed such that each number a bet of 50
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