You have been asked to play a card game. A card is dealt from a complete deck offifty-two cards (no jokers). A deck has 4 aces, 4 kings, 4 queens, 4 jacks, and 36 other cards.It works like this:• If the card is a ace, you lose $4.• If the card is a king or jack, you lose $10.• If the card is a queen, you win $8.• If the card is anything else, you win $1.Find the expected value of the game. Write the excepted value rounded to the nearest cent
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 have been asked to play a card game. A card is dealt from a complete deck of
fifty-two cards (no jokers). A deck has 4 aces, 4 kings, 4 queens, 4 jacks, and 36 other cards.
It works like this:
• If the card is a ace, you lose $4.
• If the card is a king or jack, you lose $10.
• If the card is a queen, you win $8.
• If the card is anything else, you win $1.
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