Chapter VII – Probabilities and Business Decisions LESSON TITLE Probability Tree Probability of an Event Business Decision-Making Process Given this scene, answer the questions. Cari got one towel from a dresser that contains 2 purple towels, 3 white towels and 1 red towel. 1. What is the probability that Cari will get a purple towel? 2. What is the probability of getting a red towel? 3. What is the probability of not choosing a white towel?
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.
Chapter VII – Probabilities and Business Decisions
LESSON TITLE
Probability of an
Business Decision-Making Process
Given this scene, answer the questions.
Cari got one towel from a dresser that contains 2 purple towels, 3 white
towels and 1 red towel.
1. What is the probability that Cari will get a purple towel?
2. What is the probability of getting a red towel?
3. What is the probability of not choosing a white towel?
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