Last year's freshman class at Big State University totaled 5,348 students. Of those, 1,263 received a merit scholarship to help offset tuition costs their freshman year (although the amount varied per student). The amount a student received was N($3,441, $485). If the cos of full tuition was $4,250 last year, what percentage of students who received a merit scholarship did not receive enough to cover full tuition (Round your answer to the nearest whole percent.) Rorcontag

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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.