Let L denote the event that in the next three months Lenovo cuts the price of its computers. Let H1, H2, and H3 represent the events that in the next three months Hewlett-Packard cuts, maintains, or raises the prices of its computers. Let P(H1) = .3, P(H2) = .6, and P(H3) = .1. Let P(L\H1) = .7, P(L|H2) .4, and P(L|H3) = .2. Given those probabilities, P(L) = %3D %3D %3D %3D %3D %3D %3D

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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.