A paint mixture containing 25% of a pigment and the balance water sells for P19.00/kg and a mixture containing 12.0% pigment sells for P12.00/kg. If a paint retailer produces a blend containing 18.0% pigment, how much (P/kg) should it be sold to yield a 35% profit? Use 100kg of product as basis.
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 paint mixture containing 25% of a pigment and the balance water sells for P19.00/kg and a mixture containing 12.0% pigment sells for P12.00/kg. If a paint retailer produces a blend containing 18.0% pigment, how much (P/kg) should it be sold to yield a 35% profit? Use 100kg of product as basis.
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