If the annual rate of inflation averages 7% over the next 10 years, the approximate cost C of goods or services during any year in that decade is C(t)= P(1.07)' where t is the time in years and P is the present cost. The price of an oil change for your car is presently $24.85. Estimate the price 8 years from now. Round your answer to two decimal places. a. $26.59 b. $42.70 c. $212.72 d. $26.57 e. $248.94

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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.