A group of students were asked if they carry a credit card. The responses are listed in the table. Class Credit Card Carrier Not a Credit Card Carrier Total Freshman 26 34 60 Sophomore 21 19 40 Total 47 53 100 If a student is selected at random, find the probability that he or she owns a credit card given that the student is a freshman. Round your answer to three decimal places. O A. 0.260 O B. 0.567 OC. 0.553 O D. 0.433

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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.