The Midtown Bank has found that most customers at the tellers’ windows either cash a check or make a deposit. The following table indicates the transactions for one teller for one day. Cash Check No Check Totals Make Deposit 59 20 No Deposit 30 40 Totals
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 Midtown Bank has found that most customers at the tellers’ windows either cash a check or make a deposit. The following table indicates the transactions for one teller for one day.
|
|
Cash Check |
No Check |
Totals |
|
Make Deposit |
59 |
20 |
|
|
No Deposit |
30 |
40 |
|
|
Totals |
|
|
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