With the rise of online shopping and the incoming 11.11 sale of Lazada and Shopee, you also set up a promotion in your online store as follows. With any purchase worth of Php1000 or more, the customer gets the chance to play once the spin-the-wheel as shown below. If a number 1 comes up, the customer wins Php500. If the number 2 comes up, the customer wins Php250; and if the number 3 or 4 comes up, the customer wins a discount coupon. Find the following probabilities. a. The customer wins Php500 b. The customer gets a discount coupon c. The customer wins money
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.
With the rise of online shopping and the incoming 11.11 sale of Lazada and Shopee, you also set up a promotion in your online store as follows. With any purchase worth of Php1000 or more, the customer gets the chance to play once the spin-the-wheel as shown below. If a number 1 comes up, the customer wins Php500. If the number 2 comes up, the customer wins Php250; and if the number 3 or 4 comes up, the customer wins a discount coupon.
Find the following probabilities.
a. The customer wins Php500
b. The customer gets a discount coupon
c. The customer wins money
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