Bill, the manager of a frozen treat shop in Palo Alto wants to know how much profit he will make if he sold everything he has in stock in a single day. Bill has determined that the profit can be computed with this formula: TP = TR - TC Each order of cookie ice cream contains 6 ounces of ice cream and 2 pieces of cookies. Bill sells the ice cream treat for $4 each. He also sells the cookies just by themselves without the ice cream for $1.50 per pack of 2. Every day, Bill starts the day with the following stock level:   12 lbs of assorted flavored ice cream  80 pcs of cookies   Each lb of ice cream costs $1.50. Cookies cost $0.25 each.  How much profit can Bill make from the store if all the available stock is sold in a single day? Explain your answer.

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A: Let the amount John invests at 10% = xLet the amount John invests at 12%=yFormulating equations:

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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.