ppose that the demand and price for a certain model of a youth wristwatch are related by the p= D(q)=24-1.25q here p is the price (in dollars) and q is the quantity demanded (in hundreds). Find the price at c . Find the price when the demand is 0 watches. The price when the demand is 0 watches is $ 24. b. Find the price when the demand is 400 watches. The price when the demand is 400 watches is $

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A: I have explained everything with in the solution. Please go through that.

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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.