On a given weekend in the fall, a tire company can buy television and advertising time for a college football game, a baseball game, or a professional football game. If the company sponsors the college football game, there is a 70% chance of a high rating, a 50% chance if they sponsor a baseball game, and a 50% chance if they sponsor a professional football game. The probabilities of the company sponsoring these various games are 0.4, 0.1, and 0.5, respectively. Suppose the company does get a high rating, find the probability that it sponsored a professional football game.
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.
On a given weekend in the fall, a tire company can buy television and advertising time for a college football game, a baseball game, or a professional football game. If the company sponsors the college football game, there is a 70% chance of a high rating, a 50% chance if they sponsor a baseball game, and a 50% chance if they sponsor a professional football game. The probabilities of the company sponsoring these various games are 0.4, 0.1, and 0.5, respectively. Suppose the company does get a high rating, find the probability that it sponsored a professional football game.
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