To Compute the Probability of Drawing a Jack and a Queen

question 8

Multiple Choice

To compute the probability of drawing a jack and a queen from a poker deck (without replacing the first card before drawing the second) the theory of probability that would likely be used is the:

• A) Relative frequency theory.
• B) Subjectivist theory.
• C) Conditional theory.
• D) Classical (a priori) theory.
• E) Relativist theory.

---

Definitions:

Intangible Assets

Assets that lack physical substance but possess economic value, such as intellectual property, goodwill, and trademarks.

Financial Accounting

The field of accounting that focuses on recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time.

Goodwill

An intangible asset that represents the excess value of a purchased company over the fair value of its identifiable net assets.

Amortize

The gradual reduction of a debt over a period of time through regular payments of principal and interest sufficient to pay off the debt by maturity.