A Tennis Player Makes a Successful First Serve 51% of the Time

question 68

Multiple Choice

A tennis player makes a successful first serve 51% of the time. If she serves 9 times, what is the probability that she gets exactly 3 successful first serves in? Assume that each serve is independent of the others.

• A) 0.0635
• B) 0.00184
• C) 0.154
• D) 0.133

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Definitions:

Market Price

The current exchange price for an asset or service in the marketplace.

Discount Rate

The interest rate used to determine the present value of future cash flows or to discount future obligations.

Maturity

The predetermined date on which a financial instrument, loan, or security reaches its final payment, at which point the principal amount must be repaid.

Zero-Coupon Bond

A debt security that doesn't pay periodic interest, sold at a discount from its face value, and repays the face value at maturity.