You are playing a game where u win money based on the outcome of a die. If you roll a 1,2,3 or 4 you don't win anything. If you roll a 5 you win 6 dollars and win 12 dollars if you roll a 6. What is the expected value of the 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.
You are playing a game where u win money based on the outcome of a die. If you roll a 1,2,3 or 4 you don't win anything. If you roll a 5 you win 6 dollars and win 12 dollars if you roll a 6. What is the
Trending now
This is a popular solution!
Learn your way
Includes step-by-step video
Step by step
Solved in 2 steps
