Lisa Is in a Free-Throw Shooting Contest Where Each Contestant

question 83

Essay

Lisa is in a free-throw shooting contest where each contestant attempts 10 free throws.On average,Lisa makes 77% of the free throws she attempts.
A)What is the probability that she makes exactly eight free throws?
B)What is the probability she makes at least nine free throws?
C)What is the probability she makes less than nine free throws?
D)Lisa is competing against Bill to see who can make the most free throws in 10 attempts.Suppose Bill goes first and makes seven.Should we expect Lisa to make at least as many as Bill? Explain.

• A)What is the probability that she makes exactly eight free throws?
• B)What is the probability she makes at least nine free throws?
• C)What is the probability she makes less than nine free throws?
• D)Lisa is competing against Bill to see who can make the most free throws in 10 attempts.Suppose Bill goes first and makes seven.Should we expect Lisa to make at least as many as Bill? Explain.

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Definitions:

Indirect Method

A technique used in cash flow statements to adjust net income for changes in non-cash accounts to calculate cash flow from operating activities.

Factory Equipment

This refers to the machinery and tools used in the process of manufacturing goods within a factory setting.

Treasury Stock

Represents shares that were once part of the outstanding shares and have been bought back by the corporation.

Depreciation Expense

An expense recorded to allocate the cost of a tangible asset over its useful life.