A tele company makes a total of 100 phone calls to its customers, with 60 calls in the morning and 40 calls in the afternoon. The success rates of selling its products in the morning and in the afternoon are 0.25 and 0.16 respectively. Find the total success rate of the company in selling its products.
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 tele company makes a total of 100 phone calls to its customers, with 60 calls in the morning and 40 calls in the afternoon. The success rates of selling its products in the morning and in the afternoon are 0.25 and 0.16 respectively. Find the total success rate of the company in selling its products.
Step by step
Solved in 2 steps
