You get to select one card at random from a standard deck of 52 cards. If you pick a club, you win $8. If you pick a heart, you win $4. If you pick any other suit, you lose $6. Determine your expectation for this 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 get to select one card at random from a standard deck of 52 cards. If you pick a club, you win $8. If you pick a heart, you win $4. If you pick any other suit, you lose $6. Determine your expectation for this game.
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