What Is the Probability of Drawing a Jack from a Deck

question 23

Multiple Choice

What is the probability of drawing a jack from a deck of cards, and then drawing a second jack from that same deck of cards?

• A)1/13
• B)1/26
• C)1/52
• D)1/221
• E)7/2652

Develop the ability to report and analyze financial data critically.

Apply theoretical knowledge of budgeting to practical business scenarios.

Understand the concept of budgeting in different business scenarios.

Calculate activity variances and identify them as favorable or unfavorable.

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Definitions:

Salmon

A species of fish commonly found in the Atlantic and Pacific Oceans, known for its pink to orange flesh.

Smoot-Hawley Tariff

A set of protectionist tariffs enacted in 1930 in the United States, which raised import duties on thousands of goods, contributing to the severity and duration of the Great Depression.

Dumping

The practice of a company selling a product in a foreign market at a price lower than its cost of production or lower than the price in its domestic market.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, leading to more efficient international trade.