ABC Company is concerned about the amount of time their representatives spend on the phone with customers. The average time spent is 16 minutes. If the probability that a representative spends more than 15 minutes on the phone with a customer is greater than 40%, ABC Company will hire another representative. Will another representative be hired? [Exponential]
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.
ABC Company is concerned about the amount of time their representatives spend on the phone with customers. The average time spent is 16 minutes. If the probability that a representative spends more than 15 minutes on the phone with a customer is greater than 40%, ABC Company will hire another representative. Will another representative be hired? [Exponential]
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