An airline tracks data on its flight arrivals. Over the past six months, 70 flights on one route arrived early, 150 arrived on time, 15 were late, and 25 were canceled. What is the probability that a flight is early? On-time? Late? Canceled? Are these outcomes mutually exclusive? What is the probability that a flight is either early or on time?
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.
An airline tracks data on its flight arrivals. Over the past six months, 70 flights on one route arrived early, 150 arrived on time, 15 were late, and 25 were canceled.
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What is the
probability that a flight is early? On-time? Late? Canceled? -
Are these outcomes mutually exclusive?
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What is the probability that a flight is either early or on time?
How can I calculate this problem in excel since it is business statistics?
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