Selling Range Frequency $250,000 - $299,999 10 $300,000 - $349,999 20 $350,000 - $399,999 20 $400,000 - $450,000 10 Suppose you only want to spend at most $349,999 on a home. Calculate the probability you will find a home in your price range. (Round to the hundredths)
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 |
Frequency |
|
$250,000 - $299,999 |
10 |
|
$300,000 - $349,999 |
20 |
|
$350,000 - $399,999 |
20 |
|
$400,000 - $450,000 |
10 |
Suppose you only want to spend at most $349,999 on a home. Calculate the probability you will find a home in your price range. (Round to the hundredths)
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