Beyer pharma produces three kinds of cold formulas: I, Il and III. It takes 1.5 hours to produce 1000 bottles of Formula I, 2 hr to produce 1000 bottles of Formula II, and 3hr to produce 1000 bottles of Formula III. The profits for each 1000 bottles of Formula I, II, and IIlI are $100, $150, and $210 respectively. Suppose that for a certain production run, there are enough

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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.