An instant lottery ticket costs R3. Out of a total of 10000 tickets printed for this lottery, 1000 tickets contain a prize of R15 each, 100 tickets contain a prize of R60 each, 5 tickets have a prize of R3000 each, and 1 ticket have a prize of R15000. Let be the random variable that denotes the total amount of money a player wins by playing lottery. Assume that you bought 1 ticket. What is the probability that you will win R60?
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.
An instant lottery ticket costs R3. Out of a total of 10000 tickets printed for this lottery, 1000 tickets contain a prize of R15 each, 100 tickets contain a prize of R60 each, 5 tickets have a prize of R3000 each, and 1 ticket have a prize of R15000. Let be the random variable that denotes the total amount of money a player wins by playing lottery. Assume that you bought 1 ticket. What is the
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