The M&M/Mars candy company does a lot of market research to determine the most appealing mix of colors in M&M candies. Recently, one mix was: Purple 20%; Yellow 20%; Red 20%; Orange 10%; Green 10%; Blue 10% and Brown 10%. Suppose you reach into a bag of M&M candies and draw out ONE candy at random. What is the likelihood of drawing a Purple candy?
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.
The M&M/Mars candy company does a lot of market research to determine the most appealing mix of colors in M&M candies. Recently, one mix was:
Purple 20%; Yellow 20%; Red 20%; Orange 10%; Green 10%; Blue 10% and Brown 10%. Suppose you reach into a bag of M&M candies and draw out ONE candy at random.
What is the likelihood of drawing a Purple candy?
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