1: Billy Bought a car for $20,000. Most cars tend to depreciate in value over time. After1 year Billy's car was valued at $15,000. After 2 years the value of the car was $11,250. Write a formula for Billy's car value. fox) = 20,000(,75) Is the car decreasing in value at a constant rate? Is the car decreasing in value at a constant ratio? Explain your answer. Suppose that Billy owned his car for 10 years and then decided to sell it. What might be a fair price for the car? Explain how you got your answer.

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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.