A financial institution, Kumpannee, has two departments. Department A has 8 individuals and Department B has 6 individuals. Kumpannee needs to select an Analyst, a Programmer, a Mathematician, and a Manager to produce a forecast on the price of a barrel of crude oil. The team is chosen randomly among the 14 members of department A and B. What is the probability that the Analyst and the Programmer come from Department A, and the Mathematician and the Manager come from Department B?
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.
A financial institution, Kumpannee, has two departments. Department A has 8 individuals and Department B has 6 individuals. Kumpannee needs to select an Analyst, a Programmer, a Mathematician, and a Manager to produce a forecast on the price of a barrel of crude oil. The team is chosen randomly among the 14 members of department A and B. What is the
Given,
Department A has 8 individuals.
Department B has 6 individuals.
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