Hitting the jackpot in Powerball is not the only way to win a monetary prize. For example, a minimum award of $50,000 is given to a player who correctly matches four of the five numbers drawn from the 69 white balls and the one number drawn from the 26 red Powerballs. Find the probability of winningthis consolation prize. Express the answer as a fraction.
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.
Hitting the jackpot in Powerball is not the only way to win a monetary prize. For example, a minimum award of $50,000 is given to a player who correctly matches four of the five numbers drawn from the 69 white balls and the one number drawn from the 26 red Powerballs. Find the probability of winning
this consolation prize. Express the answer as a fraction.
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