The yearbook staff at the high school expects to sell 500 yearbooks this year. They expect sales to increase sales by 2% each year. Which explicit equation represents the total yearbooks projected to be sold each year, where x represent number of years?

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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.