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Mimi joined basketball team since summer 2018. On average, she is able to score 30% of the field goals. Assume she tries 15 field goals in a game.
(a) Let X be the number of field goals that Mimi scores in the game. As we know, the distribution of X is a binomial probability distribution. What is the number of trials (n), probability of successes (p) and probability of failures (q), respectively?
(b) Find the probability that Mimi scores at least 5 of the 15 field goals. (Round the answer to 3 decimal places).
(c) To get the answers for part (b), what technology did you use? If an online applet was used, list the URL and describe the steps. If a calculator or Excel was used, write out the function.
. Abstracting out this income effect would leave the quantity of X unchanged. On the other hand, beyond the switch point, only Y is consumed and no changes in Px will have any income or substitution effect.
Buy the new warehouse and lease half the space to the Johnson Company. In turn, the Tyre-rented space would be reduced to 2000 square meters.
Assuming the discount rate is 6%, what is the maximum the current costs of moving could be and still have this investment be worthwhile?
In principle, which functions of money can digital currencies such as bitcoins perform?
Almost all empirical studies that measure changes in wage inequality in the U.S. over time use only monetary wages as the measure of a worker’s compensation. The studies typically do not include measures of the value of fringe benefits (health insura..
Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. What would be you..
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During the fall 2012, public school teachers in Chicago went out on strike over, among other things, salary and pay systems, performance reviews based on standardized test scores, and job protection for laid off teachers. Some people argued that the ..
An artificial satellite circling the Earth completes each orbit in 112 minutes.
Highlight the mistakes and/or half-truths in each of the following statements. Answers should not exceed 10 lines each.
She estimates her fixed costs to be $4000 per month, and the cost per car wash at $10. Find the monthly number of car washes she needs to break even.
inequality than low-income countries, however this does not always hold true. What could cause a low-income country to have low-income inequality?
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