Suppose that 35% of all business executives are willing to switch companies if offered a higher salary. If a headhunter randomly contacts a simple random sample of 100 executives, what is the probability that over 40% will be willing to switch companies if offered a higher salary? (Choose the best/closest answer to account for minor rounding) .1469 .1977 .4207 .8023 .8531
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.
Suppose that 35% of all business executives are willing to switch companies if offered a higher salary. If a headhunter randomly contacts a simple random sample of 100 executives, what is the
- .1469
- .1977
- .4207
- .8023
- .8531
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