- In basketball, a player who is fouled in the act of shooting gets to shoot two free throws. Suppose we hear that one player is an “85% free throw shooter.”
- 1)If this player is fouled 25 times in the act of shooting (maybe over a period of several games), find the distribution of occasions where he makes both free throws. That is, if X is the number of times he makes both free throws, find P(X = k) for each k from 0 to 25.
- 2) How likely is it that he will make both free throws on at least 20 of the 25 occasions?
A wishes to borrow Ksh 10,000 for two years and to repay the loan plus interest at the end of the two years. Bank A charges interest on loans weekly at the nominal rate of 11% per annum. Bank B charges interest for the first six months with an annual effective rate of 3% and for the remaining period with an annual effective rate of 15%. In each case calculate the amount payable at the end of the two year period. Which bank should Agnes choose for the loan?
April 25, 2016
7:29 pm
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