When a petroland oil well was first brought on line, it produced 1,900 barrels of crude oil a day. in each later year, owners expected itss daily production to drop by 70 barrels. find the daily production after 2.5 years
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.
When a petroland oil well was first brought on line, it produced 1,900 barrels of crude oil a day. in each later year, owners expected itss daily production to drop by 70 barrels. find the daily production after 2.5 years
Petrol and oil well produced
In the first year , production is 1900 barrels of crude oil per day.
Each year later, expected it's daily production to drop by 70 barrels
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