David goes to the farmers market every week and buys churros for $1.25. He always has to wait for at least 40 minutes in line to buy churros. The churros business is lucrative! David decided to get into the churros business. After all, he loves churros and always wanted to have his own business. He came across an opportunity for a churros cart at a busy mall. The churros stall is selling for $7,500. David plans to use $0.225 of flour, sugar, and eggs to make his churros. What does the selling price of the churros need to be to break-even at 4,000 pieces?
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.
David goes to the farmers market every week and buys churros for $1.25. He always has to wait for at least 40 minutes in line to buy churros. The churros business is lucrative!
David decided to get into the churros business. After all, he loves churros and always wanted to have his own business. He came across an opportunity for a churros cart at a busy mall. The churros stall is selling for $7,500. David plans to use $0.225 of flour, sugar, and eggs to make his churros. What does the selling price of the churros need to be to break-even at 4,000 pieces?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
