In order to get into ABC University you need to score in the top 2 5% of its placeme The test results are normally distributed with a mean of 555 pts and a standard devie 44 pts. What is the minimum scored needed in order to get into ABC University? NOTE:Round

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A: let X = the credit card payment, PaymentAmt, made by credit card holders. Mean = 158.5 SD = 65.59

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A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

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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.