Selling a car: A - Event a potential buyer will read the add: P(A) = .3 B - Event an advertisement is read potential buyer will buy a car: P(B) = .2 Calculate the probability that a person who reads the add will buy a car. Calculate P(A ∩ B = ?
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.
Selling a car:
A -
B - Event an advertisement is read potential buyer will buy a car: P(B) = .2
Calculate the probability that a person who reads the add will buy a car.
Calculate P(A ∩ B = ?
Given :
Let A be the event that a potential buyer will read the add
Let B be the event an advertisement is read potential buyer will buy a car
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