Chapter VII – Probabilities and Business Decisions LESSON TITLE Probability Tree Probability of an Event Business Decision-Making Process Given this scene, answer the questions. A box contains 30 balls with 6 red (R), 7 yellow (Y), 7 green (G), and the rest are blue (B). Without looking inside the box, find the probability that a marble taken from the box is: 1) blue 5) red or yellow 2) yellow 6) yellow or blue 3) green
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.
Chapter VII – Probabilities and Business Decisions
LESSON TITLE
Probability of an
Business Decision-Making Process
Given this scene, answer the questions.
A box contains 30 balls with 6 red (R), 7 yellow (Y), 7 green (G), and the rest are blue (B). Without looking inside the box, find the probability that a marble taken from the box is:
1) blue 5) red or yellow
2) yellow 6) yellow or blue
3) green 7) blue or green
4) red 8) green or red
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