Among a group of 22 stocks, suppose that 11 will perform above average and the other 11 will perform below average. If you pick 4 stocks from this group, what is the probability that all 4 will be above average in performance
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.
Among a group of 22 stocks, suppose that 11 will perform above average and the other 11 will perform below average. If you pick 4 stocks from this group, what is the
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