A Basketball Player Makes 80% of His Free Throws

question 77

Short Answer

A basketball player makes 80% of his free throws. Suppose this probability is the same for each free throw she attempts. What is probability that he makes more than 5 free throw attempts this season?

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Definitions:

Surplus

An excess of production or supply over demand, often resulting in a decrease in prices.

Equilibrium Price

The rate at which the supply of products aligns perfectly with the demand for these goods.

Quantity Demanded

The amount of a good or service consumers are willing and able to purchase at a given price level, during a specified period.

Quantity Supplied

The volume of goods or services that manufacturers are ready and able to supply at a specific price point within a set duration.