Rhett owns a cupcake bakery and is analyzing his sales of cupcake delivery orders. Based on his daily sales of delivery orders for the past month, he has already calculated the probabilities, ?(?),P(X), for the number of boxes of cupcakes, ?,X, purchased by a single customer in a single day, as shown in the table. ?X 1 2 3 4 5 ?(?)P(X) 0.75 0.05 0.10 0.05 0.05 Calculate the mean number of boxes of cupcakes, ??,μX, sold and delivered per person in a single day. Express your answer to two decimal places. ??=μX= If a box of cupcakes costs $40.00$40.00 and the flat-rate delivery fee is $7.00$7.00, calculate the mean sales per person, ??,μY, that the cupcake shop makes in a single day for delivery orders. Express your answer to the nearest cent. ??=$μY=$
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.
Rhett owns a cupcake bakery and is analyzing his sales of cupcake delivery orders. Based on his daily sales of delivery orders for the past month, he has already calculated the probabilities, ?(?),P(X), for the number of boxes of cupcakes, ?,X, purchased by a single customer in a single day, as shown in the table.
?X | 1 | 2 | 3 | 4 | 5 |
---|---|---|---|---|---|
?(?)P(X) | 0.75 | 0.05 | 0.10 | 0.05 | 0.05 |
Calculate the
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