Suppose the Probability That a Marksman Will Hit a Target

question 42

Multiple Choice

Suppose the probability that a marksman will hit a target each time he shoots is 0.67. If he fires 7 shots at a target, what is the probability he will hit it 2 times? Round your answer to six decimal places. ​

• A)Pr(2 Hits) = 0.036893
• B)Pr(2 Hits) = 0.008950
• C)Pr(2 Hits) = 0.000615
• D)Pr(2 Hits) = 0.012298
• E)Pr(2 Hits) = 0.006149

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Definitions:

Cash Flow Timeline

A visual representation that shows the schedule of inflows and outflows of cash within a business over a specific period.

Shortage Costs

Expenses incurred from the unavailability of inventory or resources, leading to missed sales or production delays.

Carrying Costs

The expenses incurred by holding inventory, including storage, insurance, and taxes.

Current Assets

Assets owned by a company that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.