Suppose a Basketball Player Is an Excellent Free Throw Shooter

question 139

Multiple Choice

Suppose a basketball player is an excellent free throw shooter and makes 91% of his free throws (i.e., he has a 91% chance of making a single free throw) . Assume that free throw shots are independent of one another. Find the probability that the player misses four consecutive free throws.

• A) 0.3143
• B) 0.0001
• C) 0.6857
• D) 0.9999

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Definitions:

Cumulative Preferred Shares

Type of preferred stocks where dividends accumulate if not paid in a given year, and must be paid out before common stock dividends can resume.

Surplus (Deficit)

The financial position that results when total revenues exceed (surplus) or are less than (deficit) total expenses.

Consolidated Balance Sheet

A financial statement that presents the assets, liabilities, and shareholders' equity of a parent company and its subsidiaries as one entity.

Cash

Money in the form of coins or banknotes, especially that held by an organization as its liquid assets.