Exhibit 5-3 The Probability Distribution for the Number of Goals the Lions

question 43

Multiple Choice

Exhibit 5-3
The probability distribution for the number of goals the Lions soccer team makes per game is given below.
-Refer to Exhibit 5-3. What is the probability that in a given game the Lions will score no goals?

• A)0.95
• B)0.85
• C)0.75
• D)None of the answers is correct.

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Definitions:

Housing Market

The supply and demand for residential properties, influenced by economic factors, interest rates, and government policies.

Demand for Lumber

The quantity of lumber that buyers are willing and able to purchase at various prices within a certain period.

Relative Price

The price of one good or service compared to another, essentially reflecting its cost in terms of other goods and services.

Demand Curve

A graphical representation that shows the relationship between the price of a good or service and the quantity that consumers are willing and able to purchase at various prices.