Problem 1. You have $3000 in your savings account and are looking to invest it. Currently, your savings accrues interest at a rate of 2% annually. Find out how many years will it take before you have $7, 500 in your account if the interest is compounded: (a) Annually. (b) Quarterly. (c) Continually.

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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.