On January 1, 2009, Kendra owed $16,887 to her friend Joseph, who was kind enough not to charge Kendra any interest. Each month during 2009, Kendra paid Joseph some of the money she owed. If Kendra still owed Joseph $7,683 on January 1, 2010, what was the average amount of Kendra's monthly payments?
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.
On January 1, 2009, Kendra owed $16,887 to her friend Joseph, who was kind enough not to charge Kendra any interest. Each month during 2009, Kendra paid Joseph some of the money she owed. If Kendra still owed Joseph $7,683 on January 1, 2010, what was the average amount of Kendra's monthly payments?
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