In practice, the population mean is used to estimate the sample mean x.

In practice, the population mean  is used to estimate the sample mean x.
 
  A) True B) False

Q. 2

Suppose a basketball player is an excellent free throw shooter and makes 96 of his free throws
  (i.e., he has a 96 chance of making a single free throw). Assume that free throw shots are
  independent of one another.
 
  Find the probability that the player will makethree consecutive
  free throws.
  A) 0.0001 B) 0.9999 C) 0.8847 D) 0.1153

Q. 3

Wire transfers are governed by:
 
  A) Article 2A of the UCC.
  B) Article 3A of the UCC.
  C) The common law of contracts.
  D) Revised Article 3 of the UCC.
  E) Article 4A of the UCC.

Q. 4

A machine has four components, A, B, C, and D, set up in such a manner that all four parts must
  work for the machine to work properly. Assume the probability of one part working does not
  depend on the functionality of any of the other parts.
 
  Also assume that the probabilities of the
  individual parts working are P(A) = P(B) = 0.91, P(C) = 0.94, and P(D) = 0.93. Find the
  probability that the machine works properly.
  A) 0.7784 B) 0.7239 C) 0.7955 D) 0.2761