In a casino, they introduced a game where a continuous random number generator will produce a number between 0 and 10 and if this number is between 4 and 6 than the gambler wins 60$. If the number is out of this range, than the gambler looses 8$. If to play the game you have to pay 3$ upfront, the expected gain from this game is ____$. Note: Use period (.) for decimal places and give up to two decimal points if necessary. Accepted characters: numbers, decimal point markers, sign indicators (-), spaces (e.g., as thousands separator, 5 000), "E" or "e" (used in scientific notation). NOTE: For scientific notation, a
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
In a casino, they introduced a game where a continuous random number generator will produce a number between 0 and 10 and if this number is between 4 and 6 than the gambler wins 60$. If the number is out of this
Note: Use period (.) for decimal places and give up to two decimal points if necessary.
Accepted characters: numbers, decimal point markers, sign indicators (-), spaces (e.g., as thousands separator, 5 000), "E" or "e" (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker.
For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not.
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