f either 15 or 25 for the item, and the probabilities attach to each value is 50%. What is the expected price? What is the price of three of the five bidders collude? Write/Type your answers in tabke form for each question, so there should be two tables for your answers

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Q: Assume a jar has six red marbles and three black marbles. Draw out two marbles with and without…

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Q: The spinner is spun one time. Find the probabilities. A A A B.

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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.