You Draw Two Cards from a Standard Deck of 52

question 10

Multiple Choice

You draw two cards from a standard deck of 52 cards and do not replace the first one before drawing the second. State whether the following statement is true or false. The outcomes for the two cards are independent.

• A)true
• B)false

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Definitions:

Compounded Quarterly

The method of calculating interest by adding the interest to the principal amount on a quarterly basis, which then earns additional interest in the subsequent quarters.

Monthly Deposits

Regular amounts of money deposited into an account or investment at monthly intervals.

Monthly Deposits

Regular payments or investments made into a particular account or scheme every month.

Investment

The action or process of investing money for profit or material result.