Solve the Problem $0.000495$ B) $0.00198$ C) $0.003516$ B) A) $0.00198$ B) $0.000495$ C) $0.003516$ C) A)

question 324

Multiple Choice

Solve the problem.
-A 5-card hand is dealt from a deck of 52 cards. What is the probability that
a) all are from the same suit?
b) all are hearts?
c) exactly 2 are spades?

• A) a) \(0.000495\)
• b) \(0.00198\)
• c) \(0.003516\)
• B) a) \(0.00198\)
• b) \(0.000495\)
• c) \(0.003516\)
• C) a) \(0.000495\)
• b) \(0.00198\)
• c) \(0.00003\)
• D) a) \(0.00198\)
• b) \(0.000495\)
• c) \(0.27428\)

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Definitions:

Forward Auctions

An auction in which several buyers bid competitively for a seller's good or service, with the price increasing incrementally until the highest bid is reached.

Lower Prices

A strategy where a seller reduces the cost of their goods or services to attract more customers or undercut competitors.

Higher Prices

An economic condition signifying an increase in the cost of goods and services in the market.

Bartering Online

A system that facilitates the exchange of goods and services between parties without the use of money, conducted over the internet.