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One good example of a situation that can be modeled by this Polynomial Graph is the price-time relationship between currency pairs being traded on the Foreign Exchange Market.
<h3>What is a Polynomial Graph?</h3>A polynomial parameter graph is essentially a smooth continuous curve.
Although the forex graph attached has sharp undulations, when regressed and viewed via Polynomial Regression Indicators, they exhibit strong polynomial qualities that meet the requirements of the definition above.
It is to be noted that the Y-Axis is indicative of the price of the currency pairs (which could be any currency against another) and the X-Axis expresses time. See the attached graphs for a better picture.
Learn more about polynomial graphs at:
brainly.com/question/9696642
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We're told that
where the last fact is due to the law of total probability:
so that and
are complementary.
By definition of conditional probability, we have
We make use of the addition rule and complementary probabilities to rewrite this as
By the law of total probability,
and substituting this into gives