Shoot You and a Friend Are Working on Shooting Free

question 142

Essay

Shoot You and a friend are working on shooting free throws at basketball practice. Your
friend has a season average of making 80% of his shots.
a. If the coach asks your friend to shoot 70 times, how many shots do you expect him to
make, on average?
b. What is the standard deviation of the number of shots made out of 70?
c. Your friend makes 60 out of 70 shots and is ready to tell the coach that he is improving.
The graph below shows a simulation of this distribution. Using both your answers to (a)
and (b) and this graph, explain whether or not the coach should have confidence in his
improvement.

Understand concepts of monotheism and polytheism, including their deities' conceptualization.

Understand the concept of diminishing returns and its impact on cost curves.

Identify and interpret different cost curves, including average total cost, average variable cost, average fixed cost, and marginal cost.

Analyze cost minimization and the determination of the optimal level of production.

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Definitions:

Fluctuations

Variations or changes in level, degree, or value over time, often seen in financial markets and economic indicators.

Unanticipated Changes

Sudden and unexpected events or changes that can significantly impact the economy, markets, or specific sectors without prior warning.

Home Currency Approach

A method of evaluating foreign investments where the returns are converted and analyzed in the investor's domestic currency.

Foreign Currency Approach

A method of accounting or analysis that deals with the effects of exchange rate changes on financial transactions and statements in foreign currencies.