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.
A college president has received budgets from the athletic director (AD), dean of students (DS), and student senate president (SP), in which they propose to allocate department funds to the three basic areas of student scholarships, activities, and services, as shown in the table.
The Board of Regents has requested that the overall distribution of funding to these three areas be in the following proportions: scholarships, 34%; activities, 33%; and services, 33%. Determine what percentage of the total funds the president should allocate to each department so that the percentages spent in these three areas conform to the Board of Regents’ requirements.
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