A company recently announced that the performance of employees would be rated on a scale from 1 to 4. The top 10​%of employees would receive a1​ rating, 15​% of the employees would be rated with a​ 2, and 55​% would be rated with a 3. The remaining employees would receive a 4 rating. The rating scheme is known as a​ forced-ranking system. It was begun after the government bailed out the company and forced the company to link compensation to performance. Suppose that one facility of the company has 350 employees. Determine the number of employees who can receive each rating. employees can receive a rating of 1.---- employees can receive a rating of 2.---- employees can receive a rating of 3.---- employees can receive a rating of 4.----

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Q: Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good…

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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.