South Carolina Pick 3 In South Carolina’s Pick 3 lottery game, you can pay $1 to select a sequence of three digits, such as 227. If you buy only one ticket and win, your prize is $500 and your net gain is $499. a. If you buy one ticket, what is the probability of winning? b. If you play this game once every day, find the mean number of wins in years with exactly 365 days. c. If you play this game once every day, find the probability of winning exactly once in 365 days. d. Find the expected value for the purchase of one ticket.
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.
South Carolina Pick 3 In South Carolina’s Pick 3 lottery game, you can pay $1 to select a sequence of three digits, such as 227. If you buy only one ticket and win, your prize is $500 and your net gain is $499.
a. If you buy one ticket, what is the
b. If you play this game once every day, find the mean number of wins in years with exactly 365 days.
c. If you play this game once every day, find the probability of winning exactly once in 365 days.
d. Find the
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