An investor can sell an investment now for P10,000. Another alternative is hold the investment for three days, after which it can be sold, based on the following sales prices and probabilities: Sales Price Probabilities P 5,000 40% 10,000 20 12,000 30 30,000 10 Using probability theory, the most reasonable statement is:
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 investor can sell an investment now for P10,000. Another alternative is hold the investment for three days, after which it can be sold, based on the following sales prices and probabilities: Sales Price Probabilities P 5,000 40% 10,000 20 12,000 30 30,000 10 Using probability theory, the most reasonable statement is:
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