Answer the Following Question Your friend shuffles a standard deck of cards and says to pick one. If you pick a face card your friend will give you $10. If you pick anything else, you owe your friend $5. How much should you expect to win or lose by playing 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.
Answer the Following Question
Your friend shuffles a standard deck of cards and says to pick one. If you pick a face card your friend will give you $10. If you pick anything else, you owe your friend $5. How much should you expect to win or lose by playing this game?
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