mpany must send several company officials to a meeting in France. The assistant to the CEO checked a random sample of 15 airlines and found that plane tickets to France have a mean price of $1,100 with a standard deviation of
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.
Each year a company must send several company officials to a meeting in France. The assistant to the CEO checked a random sample of 15 airlines and found that plane tickets to France have a mean price of $1,100 with a standard deviation of $100. Pricing in the industry has historically been approximately normal.
Construct and interpret the 95% confidence interval for the mean price of plane tickets to France using the SPDC model.
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