Word Scramble : Costs 10 points. Total 4 letters which are L U C K . Depending on how many letters are in the correct spot , a prize is awarded Only 1st letter in the correct position : Win 0 Only 2nd letter : win 5 Only 3rd letter : win 10 Only 4th letter : win 15 2 letters including the first : win 20 2 letters not including the first : win 25 All 4 letters : win 40 a) Create the probability distribution table and Communicate how you arrived at the probability of each outcome. b) Calculate the expected value and compare to the 10 points it costs to play the gam
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.
Word Scramble : Costs 10 points. Total 4 letters which are L U C K . Depending on how many letters are in the correct spot , a prize is awarded
Only 1st letter in the correct position : Win 0
Only 2nd letter : win 5
Only 3rd letter : win 10
Only 4th letter : win 15
2 letters including the first : win 20
2 letters not including the first : win 25
All 4 letters : win 40
a) Create the probability distribution table and Communicate how you arrived at the probability of each outcome.
b) Calculate the
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