products. Point A and point B each sell 40 of the 100 units produced monthly. The profits per unit for each of the warehouses are: $ 1200 for warehouse A, $ 2000 for warehouse B, and $ 950 for warehouse C. For the utility variable, calculate the mean, standard deviation, and enter the value of the latter

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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.