as 25 assorted grab bags on sale for RM3.00. Fifteen of the bags contain RM3.00 worth of merchandise, six contain RM2.00 worth, two contain RM5.00 worth of merchandise, and there are one each containing RM10.00 and RM20.00 worth of merchandise. Suppose that you purchase one bag, wh
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.
A craft store has 25 assorted grab bags on sale for RM3.00. Fifteen of the bags contain
RM3.00 worth of merchandise, six contain RM2.00 worth, two contain RM5.00 worth of
merchandise, and there are one each containing RM10.00 and RM20.00 worth of
merchandise. Suppose that you purchase one bag, what is your expected gain or loss?
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