Between 2006 and​ 2016, the number of applications for​ patents, N, grew by about 4.3​% per year. That​ is, N′(t)=0.043N(t).   a)Find the function that satisfies this equation. Assume that t=0 corresponds to 2006​, when approximately 454,000 patent applications were received.   b)Estimate the number of patent applications in 2020.   c) Estimate the rate of change in the number of patent applications in 2020.

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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.