Suppose you a play a game with a biased coin where the probability of heads is 0.6. You play each game by tossing the coin once. If you toss a head, you pay 10 dollars. If you toss a tail, you get 2 dollars. Let X = amount of money that you win.Complete the following probability distribution of X: x 2 p(x) 0.6 How much would you expect to win? Should you play the game?
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.
Suppose you a play a game with a biased coin where the
Complete the following probability distribution of X:
| x | 2 | |
| p(x) | 0.6 |
How much would you expect to win? Should you play the game?
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