Sarah is planning a party at a party hall. The meal option is $50 per person and includes the hall for free. The hall-only option is $1,500 but allows an external caterer, which charges $30 per person. Sarah plans to invite 40 people. Which is a better cost comparison?
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.
Sarah is planning a party at a party hall. The meal option is $50 per person and includes the hall for free. The hall-only option is $1,500 but allows an external caterer, which charges $30 per person. Sarah plans to invite 40 people. Which is a better cost comparison?
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