Benjamin currently pays $1,080 for his annual car insurance premium. He is in the marines and will be deployed for 9 months. Since his car will be used much less, there is less risk for the insurance company and it offers him a 66% discount for his annual premium while on deployment. What is the amount he just save each month while on deployment to be able to pay his discounted premium? When Benjamin returns, his premium will revert to the amount prior to deployment. What will his total premium be for the year

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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.