Suppose that a company gains an average of 5 customers per $500 spent on advertising. If the company spends $700 on advertising, find the probability of gaining at least 13 customers. Part 1 out of 2
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.
Suppose that a company gains an average of 5 customers per $500 spent on advertising. If the company spends $700 on advertising, find the
Part 1 out of 2
Find the mean number
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