A Basketball Player Has a 70% Free Throw Percentage

question 644

Multiple Choice

A basketball player has a 70% free throw percentage. Which plan could be used to simulate the
Number of free throws she will make in her next five free throw attempts?
I. Let 0,1 represent making the first shot, 2, 3 represent making the second shot,…, 8, 9 represent
Making the fifth shot. Generate five random numbers 0-9, ignoring repeats.
II. Let 0, 1, 2 represent missing a shot and 3, 4,…, 9 represent making a shot. Generate five random
Numbers 0-9 and count how many numbers are in 3-9.
III. Let 0, 1, 2 represent missing a shot and 3, 4,…, 9 represent making a shot. Generate five random
Numbers 0-9 and count how many numbers are in 3-9, ignoring repeats.

• A) II only
• B) III only
• C) II and III
• D) I, II, and III
• E) I only

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Definitions:

Coase Theorem

An economic theory that if trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient allocation of resources regardless of the initial distribution of property rights.

Liability Rules

Legal principles that dictate how responsibilities and damages are to be handled or compensated in cases of harm or infringement.

Bargaining

The process of negotiating the terms of a transaction or agreement between parties, often involving compromises from the initial positions.

Property Rights

The legal rights to possess, use, and dispose of assets including real property, personal property, and intellectual property.