A company is considering upgrading its computer system, and a major portion of the upgrade is a new operating system. The company has asked an engineer for an evaluation of the operating system. Suppose the probability of a favorable evaluation is 0.65. If the probability the company will upgrade its system given a favorable evaluation is 0.85, what is the probability that the company will upgrade and receive a favourable evaluation?
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 company is considering upgrading its computer system, and a major portion of the
upgrade is a new operating system. The company has asked an engineer for an
evaluation of the operating system. Suppose the probability of a favorable evaluation
is 0.65. If the probability the company will upgrade its system given a favorable
evaluation is 0.85, what is the probability that the company will upgrade and receive a favourable evaluation?
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