i need help with how to figure out this problem. i don't understand how to find the solution in a game you toss a fari coin, and a fair six sided die. if you toss a heads on the coin and roll either a 3 or a 6 on the die, you win $30. Otherwise, you lose $6. What is the expected profit of one round of this game?
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.
i need help with how to figure out this problem. i don't understand how to find the solution
in a game you toss a fari coin, and a fair six sided die. if you toss a heads on the coin and roll either a 3 or a 6 on the die, you win $30. Otherwise, you lose $6. What is the expected profit of one round of this game?
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