Make a plan for a Christmas raffle bonanza in which the PWD (Person With Disability) will be the beneficiaries. The plan should consist of the number of tickets to be sold, the amount per ticket, and the number of winners and their corresponding prizes. Let X be the random variable representing your net gain per ticket, and compute the expected value of X and the net gain if all tickets will be sold out. Also, prepare a sample of your ticket. You may use the sample guide below:
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.
Make a plan for a Christmas raffle bonanza in which the PWD (Person With Disability) will be the beneficiaries. The plan should consist of the number of tickets to be sold, the amount per ticket, and the number of winners and their corresponding prizes. Let X be the random variable representing your net gain per ticket, and compute the
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