A Baseball Player Has a Batting Average of 0

question 21

Multiple Choice

A baseball player has a batting average of 0.346, so the probability of a hit is 0.346. Assume that his hitting attempts are independent of each other. Assume that the batter gets up to bat 4 times in each game. Estimate the probability that in 50 consecutive games, there are at least
45 games in which the batter gets at least one hit. (Hint: first find the probability that in one
Game the batter gets at least one hit)

• A) 0.0918
• B) 0.0446
• C) 0.0643
• D) 0.8171

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Definitions:

Annual Payment

The amount of money that is paid once every year, either as an obligation, such as a loan repayment, or as part of a periodic agreement.

Installment Loan

A type of loan that is repaid over time with a set number of scheduled payments.

Annual Interest

The amount of interest paid or earned over a one-year period.

Present Value

The current value of a future amount of money or stream of cash flows, given a specified rate of return.