An airline is planning its staffing needs for the next year. If a new route is approved, it will hire 964 new employees. If a new route is not granted, it will hire only 158 new employees. If the probability that a new route will be granted is 0.33, what is the expected number of new employees to be hired by the airline?
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.
An airline is planning its staffing needs for the next year. If a new route is approved, it will hire 964 new employees. If a new route is not granted, it will hire only 158 new employees. If the
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