Solve the Problem $\frac { 11 } { 50 }$ B) $\frac { 1 } { 5 }$

question 155

Multiple Choice

Solve the problem.
-If three cards are drawn without replacement from a deck, find the probability that the third card Is a heart, given that the first two cards were hearts.

• A) \(\frac { 11 } { 50 }\)
• B) \(\frac { 1 } { 5 }\)
• C) \(\frac { 1 } { 6 }\)
• D) \(\frac { 6 } { 25 }\)

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Definitions:

Percentage Change

A mathematical calculation that describes the relative change between an old value and a new value, expressed as a percentage.

Unit Elastic

A situation in demand or supply where a change in price leads to an equal proportionate change in quantity demanded or supplied.

Approximately Unit Elastic

A situation in economics where the percentage change in quantity demanded is roughly equal to the percentage change in price, indicating an elasticity of demand close to one.

Teenagers

Individuals who are in their teenage years, typically between the ages of 13 and 19.