in a certain carnival game the player selects two balls at random from an urn containing 3 red balls and 8 white balls. the player receives $5 if he draws two red balls and $1 if he draws one red ball. he loses $2 if no red balls are in the sample. determine the probability distribution for the experiment of playing the game and observing the player's earnings.
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 certain carnival game the player selects two balls at random from an urn containing 3 red balls and 8 white balls. the player receives $5 if he draws two red balls and $1 if he draws one red ball. he loses $2 if no red balls are in the sample. determine the probability distribution for the experiment of playing the game and observing the player's earnings.
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