An Archer Is Able to Hit the Bull's-Eye 71% of the Time.If

question 87

Multiple Choice

An archer is able to hit the bull's-eye 71% of the time.If she shoots 10 arrows,what is the probability that her first bull's-eye comes on the 5th arrow? Assume each shot is independent of the others.

• A)0.00146
• B)0.00502
• C)0.07369
• D)0.00707
• E)0.71

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Definitions:

Average Variable Cost (AVC)

The total variable cost divided by the quantity of output produced, measuring the variable cost per unit.

Average Total Costs (ATC)

The per-unit total cost (including both fixed and variable costs) of producing a good or offering a service.

Manufacturing Firm

A company involved in the conversion of raw materials into finished goods through the use of equipment and processes.

Marginal Returns

The additional output that is produced by utilizing one more unit of a particular input, while holding all other inputs constant.