The Indiana University basketball team trails by twopoints with eight seconds to go and has the ball. Shouldit attempt a two-point shot or a three-point shot?Assume that the Indiana shot will end the game and thatno foul will occur on the shot. Assume that a three-pointshot has a 30% chance of success, and atwo-point shot has a 45% chance of success. Finally,assume that Indiana has a 50% chance of winning inovertime.
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 Indiana University basketball team trails by two
points with eight seconds to go and has the ball. Should
it attempt a two-point shot or a three-point shot?
Assume that the Indiana shot will end the game and that
no foul will occur on the shot. Assume that a three-point
shot has a 30% chance of success, and a
two-point shot has a 45% chance of success. Finally,
assume that Indiana has a 50% chance of winning in
overtime.
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