Suppose a manufacturer has determined that the total cost C of operating a factory is C =0.4x² + 17x + 64,000 where x is the number of units produced. At what level of production will the average cost per unit be minimized? (The average cost per unit is a. x= 400 units b. x = 440 units c. x = 40 units d. x= 40 units %3D e. x=400 units

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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.