Professor Ramos will participate in the lottery that will be played by 500 participants he buys a ticket for 5 dollars.the lucky randomly selected winner will get 100 dollars as a prize what would Ramos expected winnings or losses be. Show your calculations and interpret your results
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.
Professor Ramos will participate in the lottery that will be played by 500 participants he buys a ticket for 5 dollars.the lucky randomly selected winner will get 100 dollars as a prize what would Ramos expected winnings or losses be. Show your calculations and interpret your results
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
