Determine whether the given value is a statistic or a parameter. A homeowner measured the voltage supplied to his home on all 365 days of a given year, and the average (mean) value is 106.5 volts. Choose the correct answer below. O A. The given value is a statistic for the year because the data collected represent a sample. O B. The given value is a statistic for the year because the data collected represent a population. OC. The given value is a parameter for the year because the data collected represent a sample. O D. The given value is a parameter for the year because the data collected represent a population.

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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.