In American Roulette, a bettor may place a $1 bet on any of the 38 numbers on the roulette wheel. He wins $35 (plus the return of his bet) if the ball lands on his number, otherwise he loses the bet. Write down the probability distribution for the earnings from this type of bet and find the expected value.
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 American Roulette, a bettor may place a $1 bet on any of the 38 numbers on the roulette wheel. He wins $35 (plus the return of his bet) if the ball lands on his number, otherwise he loses the bet. Write down the probability distribution for the earnings from this type of bet and find the
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