The probability of a successful rocket launching equals 0.81. Suppose that the launching attempts are made until 2 successful launchings have occurred. Each launching attempt 4900. In addition, a launching failure results in an additional cost of 460. What is the expected cost of the situation described?
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.
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