A Professional Basketball Player with a Poor Free Throw Percentage

question 62

Short Answer

A professional basketball player with a poor free throw percentage gets a personal coach to help him increase his percentage.He tells his coach that he has raised his proficiency from 70% to 90%.To see whether the athlete has improved,the coach asks the athlete to take 10 shots.He hits 10 out of 10.Suppose the athlete really is no better than before (still a 70% shooter).What's the probability that he could hit at least 10 out of 10 shots anyway?

---

Definitions:

General Ledger

A comprehensive archive of all monetary transactions throughout a company's existence, sorted by accounts.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those presented on a bank statement to ensure they align and are accurate.

Bank Reconciliation

The process of matching and comparing figures from the banking statements with the cash account records to ensure accuracy and consistency in financial records.

Petty Cash

A small amount of cash on hand used for covering minor expenses.