The college student senate is sponsoring a spring break Caribbean cruise raffle. The proceeds are to be donated to the Samaratian Center for the Homeless. A local travel agency donates the cruise, valued at $2000. The students sold 2833 raffle tickets at $5 per ticket. A. Kevin bought 5 tickets. What is the probability that Kevin will win the spring break cruise to the Caribbean? ( Round your answer to five decimal places) What is the probability that Kevin will not win the cruise? ( Round your answer to five decimal places)
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.
The college student senate is sponsoring a spring break Caribbean cruise raffle. The proceeds are to be donated to the Samaratian Center for the Homeless. A local travel agency donates the cruise, valued at $2000. The students sold 2833 raffle tickets at $5 per ticket.
A. Kevin bought 5 tickets. What is the
What is the probability that Kevin will not win the cruise? ( Round your answer to five decimal places)
B. Expected earnings can be found by multiplying the value of the cruise by the probability that Kevin will win. What are Kevin's expected earnings? ( Round your answers to two decimal places)
Is this more or less than the amount Kevin paid for the five tickets?
How much did Kevin effectively contribute to the Samaritan Center for the Homeless? (Round your answer to two decimal places)
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