Companies continually face risks, and prudent companies set aside contingency reserves to cover any costs associated with those risks. Yet when a company isn't certain whether a given event is going ...

A shortcut method is proposed using binomial coefficients to find the probabilities of all possible configurations of a 2 x 3 contingency table in a single operation. The method is especially useful ...

A contingency table allows you to visualize the relationship between a categorical X variable and a categorical Y variable.