the probability that 38 or more will not develop any faults within the first 3 years of use
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 probability that a machine develops a fault within the first 3 years of use is 0.003. If 40 machines are selected at random, the probability that 38 or more will not develop any faults within the first 3 years of use is ....
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