A casino offers a game in which a player places a $3 bet on a 3 coming up on one roll of a six-sided die. If a 3 is rolled, the player keeps their $3 and is paid $12 by the house. If a number other than 3 is rolled, the house keeps the player's $3. What is the expected value of this game to the player? Write your answer as a positive or negative dollar value rounded to the nearest cent, e.g., -$1.50 or $.75.
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.
A casino offers a game in which a player places a $3 bet on a 3 coming up on one roll of a six-sided die. If a 3 is rolled, the player keeps their $3 and is paid $12 by the house. If a number other than 3 is rolled, the house keeps the player's $3. What is the
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