The daily earning of an employee working on a commission basis is represented by the random variable X. Using the probability table in the book, enter the employee's expected earnings here, in dollars and cents. Do NOT include a $ sign!
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.
Expected Earnings:
The daily earning of an employee working on a commission basis is represented by the random variable X. Using the
![7. EXPECTED EARNINGS The daily earnings X of an employee who
works on a commission basis are given by the following
probability distribution. Find the employee's expected
earnings.
* ($)
25
50
75
P(X = x)
.07
.12
.17
.14
x ($)
100
125
150
P(X = x)
28
.18
.04](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3cadaab7-0242-405d-ab75-d1a15c225b30%2Fae5bbba6-d076-4ad1-b2bb-657ff4444a33%2F01x0w3b_processed.png&w=3840&q=75)
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