1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stira [4]
4 years ago
4

Find each specified probability for the given scenario.

Business
1 answer:
jek_recluse [69]4 years ago
3 0

Answer:

  • <u>(a) 0.42</u>
  • <u>(b) 0.028</u>
  • <u>(c) 4</u>

Explanation:

Since each throw is independent of the last throw and there are only two options, make and no make it, you can use the equations for binomial experiments.

Call X the random variable, making a throw, p the probability of making it and (1-p) the probability of not making it, then the probability of making exacty x throws in n attempts is:

       

            P(X=x)=C(n,x)\cdot p^x\cdot (1-p)^n

            n=7\\\\p=0.6\\\\1-p=0.4

          C(n.x)=\dfrac{n!}{x!\cdot (n-x)!}

<em><u>a. What is the probability that he will make more than four of his free throws?</u></em>

The probability of making more than four of the free throws is the sum of the probabilities of making exactly five, exactly six, and exactly seven throws.

     P(X>4)=P(X=5)+P(X=6)+P(X=7)

    P(X=5)=\dfrac{7!}{5!\cdot (7-5)!}\times (0.6)^5\times (0.4)^2=0.2612736

     P(X=6)=\dfrac{7!}{6!\cdot (7-6)!}\times (0.6)^6\times (0.4)^1=0.1306368

     P(X=7)=\dfrac{7!}{7!\cdot (7-7)!}\times (0.6)^7\times (0.4)^0=0.0279936

     P(X>4)=0.2612736+0.1306368+0.0279936=0.4199\approx 0.42

<em><u>b. What is the probability that he will make all of his free throws?</u></em>

This was calculated above. It is P(X=7)

  • P(X=7) = 0.02799936 ≈ 0.028

<u><em>c. How many free throws should we expect Thad to make of the seven attempts during this game? </em></u>

<u><em></em></u>

The expected number of free throws is the sum of the products of each probability by the number of succesful throws:

           E(X)=\sum\limits^7_0 {x}\cdot p(x)

Then, you need P(X=0), P(X=1), P(X=2), P(X=3), P(X=4), P(X=5), PX=(X=6), and P(X=7).

Using the same method that in the part (a), we can find):

  • P(X=0) =0.0016384
  • P(X=1) = 0.0172032
  • P(X=2) = 0.0774144
  • P(X=3) = 0.193536
  • P(X=4) = 0.290304

From above:

  • P(X=5) = 0.2612736
  • P(X=6) = 0.1306368
  • P(X=7) = 0.0279936

Now substitute in the formula for E(X)

    E(X)=0\times 0.0016+1\times 0.017+2\times 0.077+3\times 0.19+...

(I do not show the entire numbers due to space reasons)

The sum is 4.2

Hence, we should expect Thad to make 4 throws of the seven attemts during the game.

You might be interested in
Krepps Corporation produces a single product. Last year, Krepps manufactured 20,000 units and sold 15,000 units. Production cost
slega [8]

Answer:

Under variable costing, the company's net operating income for the year would be $60,000 lower than under absorption costing.

Explanation:

The computation of the operating income under variable costing is shown below:

But before that following calculations need to be done

Fixed manufacturing overhead per unit is

= $240,000 ÷ 20,000 units

= $12 per unit

Ending Inventory units is

= 20,000 units - 15,000 units

= 5,000 units

Now Cost of ending Inventory deferred under absorption costing is

= 5,000 units × $12

= $60,000

So, the second option is correct

5 0
3 years ago
Luke is going to school to get a degree in Veterinary Medicine. He wants to work in an animal hospital after he graduates. Which
Allushta [10]
The answer is D Hope it helps.
5 0
4 years ago
Read 2 more answers
Suppose that Edison, an economist from a university in Arizona, and Hilary, an economist from a school of industrial relations,
Ivahew [28]

Answer:

Tariffs and import quotas generally reduce economic welfare.

Explanation:

The vast majority of economists (over 90% according to the University of Chicago) agree that tariffs and import quotas generally reduce economic welfare. This is perhaps the normative statement in which economists agree the most.

The reason why is because tariffs and import quotas only benefit a small fraction of domestic producers, to the dismay of a larger number of consumers who end up having to pay higher prices for consumer goods.

6 0
3 years ago
Cooperton Mining just announced it will cut its dividend from $4.22 to $2.63 per share and use the extra funds to expand. Prior
erastova [34]

Answer:

The expected share price=$20.07

Explanation:

Step 1: Calculate the price/earnings to growth ratio(PEG) ;

PEG ratio=(Price/EPS)/EPS growth

where;

Price=Price per share

EPS=earnings per share=share price

EPS growth=share price growth

In our case;

Price per share=$4.22

Share price=$48.83

Share price growth rate=3.1%=

Replacing;

PEG ratio=(4.22/48.83)/3.1

PEG ratio=0.0279

Step 2: Calculate share price

PEG ratio=(Price per share/share price)/share price growth

where;

PEG ratio=0.0279

Price per share=$2.63

Share price=x

share price growth rate=4.7%

Replacing;

0.0279=(2.63/x)/4.7=2.63/4.7 x

4.7 x×0.0279=2.63

x=2.63/(4.7×0.0279)

x=20.07

The expected share price=$20.07

3 0
3 years ago
In your own words, describe what civic engagement means to
tino4ka555 [31]

Answer:

Civic engagement means, work to make difference in the civic life of the community , using combination of values, motivation, skills and knowledge to make difference.

  • It can be both formal or informal,  
  • It can have many forms such as community engagement, volunteerism, government work and organizational involvement and electoral participation.
  • Civic engagement work such as volunteering and voting can help people develop skills, voice and knowledge to make positive change in the society and helps to improve the conditions which influence well being and health for all.
  • Many people volunteer to clean the riverbeds , or by collecting the garbage from beaches, they can be considered to be civically engaged. They do it because it gives them a sense of contributing to the society by keeping rivers and beaches clean.
4 0
4 years ago
Read 2 more answers
Other questions:
  • The interest cost component of NPPBC is the_______________.
    11·2 answers
  • If you are using a direct quote from a source, you need to put those words in quotation marks when you are borrowing:
    15·1 answer
  • The use of a part-time workforce to increase the capacity flexibility by enabling the firm to have more people at work during pe
    7·1 answer
  • Help Me pls !!!!!!!!!!!
    12·1 answer
  • Name three rules for creating an effective presentation to summarize a pi team's activities
    8·1 answer
  • HELP NOW PLEASE!!!! Which of the following distinguishes skilled workers in modern manufacturing from workers in Winslow Taylor’
    9·1 answer
  • A variable expense is a _____.
    7·2 answers
  • Tax planning Question 6 options: guides investment activities to maximize after-tax returns over the long term for an acceptable
    14·1 answer
  • Million dollar question. does money equal happiness? Explain with a paragraph
    6·1 answer
  • Increasing wages have caused incomes in the united states to increase. how will this impact the market for spam, an inferior goo
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!