In the game of one-spot keno, a card is purchased for $1. It allows a player to choose one number from 1 to A dealer then chooses twenty numbers at random. If the players number is among those chosen, the player is paid $3.20, but does not get to keep the $1 paid to play the game. Find the expected value of a $1bet. Describe what this means.
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 the game of one-spot keno, a card is purchased for $1. It allows a player to choose one number from 1 to A dealer then chooses twenty numbers at random. If the players number is among those chosen, the player is paid $3.20, but does not get to keep the $1 paid to play the game. Find the
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