A small construction company has $135,000 set aside in a capital improvement fund to purchase new equipment. If $24,000 is invested at 24%, $38,000 at 19%, and the remaining $73,000 at 18% per year, what is the overall rate of return on the entire $135,000? The overall rate of return on the entire $135,000 is % per year.

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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.