Exhibit 5-13

question 15

Multiple Choice

Exhibit 5-13.Chauncey Billups,a current shooting guard for the Los Angeles Clippers,has a career free-throw percentage of 89.4%.Suppose he shoots six free throws in tonight's game. Refer to Exhibit 5-13.What is the probability that Billups makes five or more of his free throws?

• A)0.3632
• B)0.5105
• C)0.8737
• D)0.8940

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Definitions:

Earn

To receive payment or reward for work performed or for the provision of goods or services.

Economic Values

The monetary, material, or assessed worth of an asset, good, or service, which is determined by the market or by individual or societal preferences.

Annual Rate

Annual rate, often used in the context of loans and investments, refers to the percentage that signifies the yearly cost of funds or the yearly return on investment.

Annual Rate

Typically refers to the interest rate for a whole year, as opposed to a shorter period, on a loan, investment, or deposit.