If records indicate that 14 houses out of 1000 are expected to be damaged by fire in any year, what is the probability that a woman who owns 12 houses will have fire damage in 1 of them in a year? (Round your answer to five decimal places.)
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.
If records indicate that 14 houses out of 1000 are expected to be damaged by fire in any year, what is the probability that a woman who owns 12 houses will have fire damage in 1 of them in a year? (Round your answer to five decimal places.)
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