you flip a fair coin five times, and then you roll a pair of fair dice. If you get 4 or more heads out of the coin flips, or you get 10 or more points out of the dice, I'll pay you $10; otherwise you have to pay me $3. What is the expected amount of money you win in this bet? use the formula P(EUF)P(E)+P(F)-P(E∩F)
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 flip a fair coin five times, and then you roll a pair of fair dice. If you get 4 or more heads out of the coin flips, or you get 10 or more points out of the dice, I'll pay you $10; otherwise you have to pay me $3. What is the expected amount of money you win in this bet? use the formula P(EUF)P(E)+P(F)-P(E∩F)
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