Four of the Statistics for Business and Economics students submitted an entry to a Math contest at the faculty. A total of 24 entries were submitted. Six of the entries will move on to the next round. a. What is the hypergeometric probability that all four Statistics for Business and Economics students will move on to the next round? b. How many Statistics for Business and Economics students are expected to move to the next round? c. What is the hypergeometric probability that fewer Statistics for Business and Economics students than expected will make it to the next round?
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.
Four of the Statistics for Business and Economics students submitted an entry to a Math contest at the faculty. A total of 24 entries were submitted. Six of the entries will move on to the next round.
a. What is the hypergeometric
b. How many Statistics for Business and Economics students are expected to move to the next round?
c. What is the hypergeometric probability that fewer Statistics for Business and Economics students than expected will make it to the next round?
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