Q7 (a) 41% of customers at the snack counter of a movie theater buy soft drinks.Among those who buy soft drinks, 1% also purchase popcorn. What is the probability that a customer at the counter buys a drink and popcorn? Theaters use this type of calculation to decide which products should be bundled to appeal to Based on the probability so calculated, what is your recommendationcustomers. Whether to bundle the products or not? (ii) If the proportion of customer who buys popcorn is 29% . Then find the probability that a customer will buy a popcorn or a soft drink?
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.
Q7 (a) 41% of customers at the snack counter of a movie theater buy soft drinks.Among those who buy soft drinks, 1% also purchase popcorn.
- What is the
probability that a customer at the counter buys a drink and popcorn? Theaters use this type of calculation to decide which products should be bundled to appeal to Based on the probability so calculated, what is your recommendationcustomers. Whether to bundle the products or not? (ii) If the proportion of customer who buys popcorn is 29% . Then find the probability that a customer will buy a popcorn or a soft drink?
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