Roll a fair six-sided die. You win $4 if you roll a number that is less than 3. You will lose $1 if you roll the number 6. If you roll any other number, you will neither win nor lose anything. Find the expected value (winnings) of this probability experiment to the nearest cent.
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.
Roll a fair six-sided die. You win $4 if you roll a number that is less than 3. You will lose $1 if you roll the number 6. If you roll any other number, you will neither win nor lose anything. Find the
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