It has been found from experience that an exclusive clothes shop makes an average of four sales every fifteen minutes. If we randomly select a fifteen minute period, what is the probability that the shop will make: More than one sale? Interpret your answer. Less than three sales? Interpret your answer.
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.
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It has been found from experience that an exclusive clothes shop makes an average of four sales every fifteen minutes. If we randomly select a fifteen minute period, what is the probability that the shop will make: |
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More than one sale? Interpret your answer. |
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Less than three sales? Interpret your answer. |
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