What is the probability that a sale will be made before the fourth sales call if the probability you make a sale on a sales call is 17%?
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.
What is the
From the given information,
Probability of success (he made sale call) = 0.17
Let, X be the random variable that show total number of sales call.
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