Win $1 Billion Quicken Loans offered a prize of $1 billion to anyone who could correctly predict the winner of the NCAA basketball tournament. After the “play-in” games, there are 64 teams in the tournament. a. How many games are required to get 1 championship team from the field of 64 teams? b. If you make random guesses for each game of the tournament, find the probability of picking the winner in every 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.
Win $1 Billion Quicken Loans offered a prize of $1 billion to anyone who could correctly predict the winner of the NCAA basketball tournament. After the “play-in” games, there are 64 teams in the tournament.
a. How many games are required to get 1 championship team from the field of 64 teams?
b. If you make random guesses for each game of the tournament, find the
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