Assuming That Each of the 52 Cards in an Ordinary

question 103

Multiple Choice

Assuming that each of the 52 cards in an ordinary deck has a probability of 1/52 of being drawn, what is the probability of drawing a black ace?

• A)1/52
• B)2/52
• C)3/52
• D)4/52

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Definitions:

Market Efficiency

A concept that describes the extent to which market prices fully reflect all available information, making it impossible to consistently achieve higher-than-normal returns.

Well-Organized Markets

Financial markets that are structured in a manner to ensure transparency, fair trading practices, and efficiency.

Semi-Strong Efficiency

A form of market efficiency where asset prices fully reflect all publicly available information.

Public Information

Data or knowledge that is available to the general public, not restricted by confidentiality or privacy laws.