An entry level programmer's annual pay is $57,616 based on 52 weeks per year. Due to the economy, his company is having to cut back on the number of weeks that it employs its programmers. If the firm cuts the work year to 50 weeks but keeps the same rate of pay, how much should the programmer expect his annual pay to decrease? Round your answer to the nearest dollar.
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 entry level programmer's annual pay is $57,616 based on 52 weeks per year. Due to the economy, his company is having to cut back on the number of weeks that it employs its programmers. If the firm cuts the work year to 50 weeks but keeps the same rate of pay, how much should the programmer expect his annual pay to decrease? Round your answer to the nearest dollar.
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