You are a real estate agent with ABC Real Estate company. You help sell a home for $155,000. The total commission is 6.5%. Your company is to receive 60% of the total commission; you will receive 65% of that amount. What is your personal share of the commission?
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.
You are a real estate agent with ABC Real Estate company. You help sell a home for $155,000. The total commission is 6.5%. Your company is to receive 60% of the total commission; you will receive 65% of that amount. What is your personal share of the commission?
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