There is currently a global pandemic and many researchers and scientists are working assiduously to find a vaccine. Assume that Advanced Researcher, a company that is currently testing a few vaccines confirms an 80% chance of effectiveness of one of their vaccines. Which probability distribution would you use to calculate the probability of success or failure of Advanced Researcher's vaccine if it were to be administered to people in society?
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.
There is currently a global pandemic and many researchers and scientists are working assiduously to find a vaccine. Assume that Advanced Researcher, a company that is currently testing a few vaccines confirms an 80% chance of effectiveness of one of their vaccines.
- Which
probability distribution would you use to calculate the probability of success or failure of Advanced Researcher's vaccine if it were to be administered to people in society?
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