The probability that the Rand will weaken against the Dollar tomorrow is 0.53. The probability that you will wake up late tomorrow is 0.42. Question 10 What is the probability tomorrow that the Rand will weaken against the Dollar or you will wake up late (rounded off to three decimals)?
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.
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Question 10
What is the probability tomorrow that the Rand will weaken against the Dollar or you will wake up late (rounded off to three decimals)?
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