A cable company has 5000 paying customers when it bills $20/month. If it figures to lose 400 customers for every $3 increase in price, how many customers will it need to maximize monthly revenue? Attach File

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Q: A family purchased a home for $150,000. Two years later the home was valued at $188,160. If the…

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Q: fibernet offers 500 megabyte per second internet service for $25 per month with a $50 installation…

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Q: In 1994, there were 714 violent crime incidents per 100,000 Americans. For the period from 1994…

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Q: a car rental agency rents 200 cars per day at the rate of $40 per day. For each $1 increase in rate,…

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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.