An insurance company has determined that each week an average of five claims are filed in their Atlanta branch. What is the probability that during the next week: a. exactly seven claims will be filed? b. no claims will be filed? c. less than four claims will be filed?
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 insurance company has determined that each week an average of five claims are filed in their Atlanta branch. What is the
a. exactly seven claims will be filed?
b. no claims will be filed?
c. less than four claims will be filed?
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