Grace Andrews, a stockbroker, recommends two stocks (Hewlett Packard and Citibank) to her customers. Suppose that the probability that each stock’s price will go up next year is 0.6, and that each stock’s price behavior is independent of the price behavior of the other stock. Take a number of stocks that will go up next year as the random variable X and give a complete probability distribution.
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.
Grace Andrews, a stockbroker, recommends two stocks (Hewlett Packard and Citibank) to her customers. Suppose that the
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