A total cost function (in dollars) is given by C(x) = 569 + 3x + 0.89x². Use differentials to estimate the change in cost when the level of production is changed from 109 to 114 units.

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A: Given,          A product has cost function Cx=x2-2x and revenue function Rx=10x ,           where x…

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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.