The spinner on a wheel of fortune can land with an equal chance on any one of ten regions. Three regions are red, four are blue, two are yellow, and one is green. A player wins $1if the spinner stops on red and $5if it stops on green. The player loses $1if it stops on blue and $2 if it stops on yellow. a.What is the expected value? (Round to the nearest cent.)
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.
The spinner on a wheel of fortune can land with an equal chance on any one of ten regions. Three regions are red, four are blue, two are yellow, and one is green. A player wins $1if the spinner stops on red and $5if it stops on green. The player loses $1if it stops on blue and $2 if it stops on yellow.
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