A basketball player has an 80% chance of making the first free -throw he shoots. If he makes the
first free -throw shot, then he has a 90% chance of making the second free-throw he shoots.
If he
misses the first free-throw shot, then he only has a 70% chance of making the second free -throw
he shoots. Suppose this player has been awarded two free -throw shots. Find the probability that
he makes at least one of the two shots.
A) 0.80 B) 0.72 C) 0.94 D) 0.86
C
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When stock prices become less volatile, the demand curve for bonds shifts to the ________ and the interest rate ________
A) right; rises B) right; falls C) left; falls D) left; rises
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If Jacques invests $20,000 at 10% interest for 3 years, what will the future value of the money be?
A) $26,620.00 B) $6,620.00 C) $20,606.02 D) $28,606.02 E) $22,620.00
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