Sales Commission A salesman earns $50,000 incommission in 1 year and then has his commissionreduced by 20% the next year. What percent increasein commission over the second year will give him$50,000 in the third year?
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.
Sales Commission A salesman earns $50,000 in
commission in 1 year and then has his commission
reduced by 20% the next year. What percent increase
in commission over the second year will give him
$50,000 in the third year?
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