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In many women's tennis matches they play best-out-of-three sets. In other words, they play until one player wins two sets, and there are no ties. Lourdes and Mariana are two rivals, though Lourdes seems to win about six sets for every four that Mariana wins. Use the random numbers table below to simulate 10 matches between Lourdes and Marian. Let an entry in the table correspond to one set, 0-5 corresponds to Lourdes winning the se corresponds to Mariana winning the set. Begin each match with a different highlighted and use it with up to two entries below it to represent a match.
In how many of the ten simulated matches needed all three sets?
Interest Rate Risk
The risk of changes in interest rates that can adversely affect the value of an investment.
Term Structure
The relationship between interest rates or bond yields and different terms or maturities, depicted in a curve.
Maturity Date
The specific date on which the principal or final payment of a debt instrument is due to be paid to the investors or lenders.
Nominal Rate
The interest rate stated on a bond or loan agreement without adjustment for inflation.
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