NOprobability of losingE(x)-InterpretationIndependent Assessment 1Raffle for a CauseA raffle is held to ruise funds for a charity event, A raffle ticket costs P150.00of PIE are two thousand tickets to be sold. Only one ticket holder will win a prize150, 000. 00, Construct the probability distribution of the discrete randomble, compute for the expected value, and interpret the resuit.Practice Activity 2Game of Chance Problem (A Roulette Wheel)A roulette wheel in a fiesta carnival has the numbers 1 through 30. If you betS. 00 you will have a chance to win a prepaid load worth PI00.00. Let X denote thenet gain for a bet.a. Complete the table below showing the probability distribution of X95P(x)b. Find the expectation if you play a bet and interpret the result.E(x)Interpretation:How much the organizer will earn if 100 games will be played such that eachnumber has a bet of P5.00?(Hint: Compute for the net gain of the organizer per game and multiply itby 100)Independent Assessment 2Colored WheelA roulette wheel is divided into eight colors blue, red, yellow, green, orange,violet, black, and white. Each time roulette is spun, you can have a bet of P10.00. Ifthe outcome is either black, bluc, or violet you will lose the bet. But if the outcomeis red or yellow, your money will be doubled (you will win additional P10.00 plus yourbet), and if it is green or orange you will win nothing and your bet will be given toyou. But if the result is white, your money will be tripled (you will wvin an additional

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Independent Assessment 1 Raffle for a Cause A Tafle is held to raise funds for a charity event. A raffle ticket costs P150.00 or BIE are two thousand tickets to be sold. Oply one ticket holder will win a prize Vanat D00. 00. Construct the probability distribution of the discrete random able, compute for the expected value, and interpret the resuit.

Independent Assessment 1 Raffle for a Cause A Tafle is held to raise funds for a charity event. A raffle ticket costs P150.00 or BIE are two thousand tickets to be sold. Oply one ticket holder will win a prize Vanat D00. 00. Construct the probability distribution of the discrete random able, compute for the expected value, and interpret the resuit.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Concept explainers

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.

Topic Video

Question

NO
probability of losing
E(x)-
Interpretation
Independent Assessment 1
Raffle for a Cause
A raffle is held to ruise funds for a charity event, A raffle ticket costs P150.00
of PIE are two thousand tickets to be sold. Only one ticket holder will win a prize
150, 000. 00, Construct the probability distribution of the discrete random
ble, compute for the expected value, and interpret the resuit.
Practice Activity 2
Game of Chance Problem (A Roulette Wheel)
A roulette wheel in a fiesta carnival has the numbers 1 through 30. If you bet
S. 00 you will have a chance to win a prepaid load worth PI00.00. Let X denote the
net gain for a bet.
a. Complete the table below showing the probability distribution of X
95
P(x)
b. Find the expectation if you play a bet and interpret the result.
E(x)
Interpretation:
How much the organizer will earn if 100 games will be played such that each
number has a bet of P5.00?
(Hint: Compute for the net gain of the organizer per game and multiply it
by 100)
Independent Assessment 2
Colored Wheel
A roulette wheel is divided into eight colors blue, red, yellow, green, orange,
violet, black, and white. Each time roulette is spun, you can have a bet of P10.00. If
the outcome is either black, bluc, or violet you will lose the bet. But if the outcome
is red or yellow, your money will be doubled (you will win additional P10.00 plus your
bet), and if it is green or orange you will win nothing and your bet will be given to
you. But if the result is white, your money will be tripled (you will wvin an additional

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