Bonnie Woodruff is on a 2.1% straight commission with a $700 drawing account. If she is paid the draw at the beginning of the month and then sells $142,100 during the month, how much commission is owed to Bonnie?
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.
Bonnie Woodruff is on a 2.1% straight commission with a $700 drawing account. If she is paid the draw at the beginning of the month and then sells $142,100 during the month, how much commission is owed to Bonnie?
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