A salesperson found that there was a 1% chance of a sale from her phone solicitations. Find the probability of getting 5 or more sales for 2000 telephone calls.
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 salesperson found that there was a 1% chance of a sale from her phone solicitations. Find the probability of getting 5 or more sales for 2000 telephone calls.
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