A certain city divides naturally into ten district neighborhoods.How might a real estate appraiser select a sampleof single-family homes that could be used as a basis fordeveloping an equation to predict appraised value fromcharacteristics such as age, size, number of bathrooms,distance to the nearest school, and so on? Is the studyenumerative or analytic?
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.
A certain city divides naturally into ten district neighborhoods.
How might a real estate appraiser select a sample
of single-family homes that could be used as a basis for
developing an equation to predict appraised value from
characteristics such as age, size, number of bathrooms,
distance to the nearest school, and so on? Is the study
enumerative or analytic?
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