track, each race has 5 horses. Assume that the horses are equally matched in the race such that every horse has an equally likely chance of winning (so, binomial distribution is appropriate). If you went to this particular track and bet on 12 races, what is the probability that you would pick the winner in: more than 6 races?
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.
track, each race has 5 horses. Assume that the horses are equally matched in the race such that every horse has an equally likely chance of winning (so, binomial distribution is appropriate). If you went to this particular track and bet on 12 races, what is the
more than 6 races?
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