How many combinations of three high-risk stocks could you randomly select from five high-risk stocks? Number of ways This is a numeric cell, so please enter numbers only. What is the probability that you would obtain the three highest-returning stocks? (Round your answer to 4 decimal places.) Probability
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.
(a)
From the given information, the combination of three high-risk stocks are selected randomly from five high-risk stocks.
Formula:
Calculation:
In the given situation, r=3 and n=5.
The number of ways the 3 high risk stock can be randomly selected from 5 high risk stocks is,
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