Chauncey Billups, a Current Shooting Guard for the Los Angeles

question 44

Multiple Choice

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. 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:

Fair Value

The price at which an asset would be bought or sold in an orderly transaction between market participants at the measurement date.

Trading Investments

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Parent-subsidiary Relationship

The dynamic between a controlling company (parent) and a controlled company (subsidiary) in which the parent holds a significant amount of the subsidiary's stock.

Cost Method

An accounting method used to value certain investments at their original cost minus any impairment losses.