Find the Probability of One Event or a Second Event $\frac { 31 } { 52 }$

question 295

Multiple Choice

Find the Probability of One Event or a Second Event Occurring
-A card is drawn from a deck of 52 cards. What is the probability that it is a heart or that it is greater than 3 and less than 10 ?

• A) \(\frac { 31 } { 52 }\)
• B) \(\frac { 37 } { 52 }\)
• C) \(\frac { 7 } { 13 }\)
• D) \(\frac { 17 } { 26 }\)

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Definitions:

Average Collection Period

The average number of days it takes for a business to receive payments from its customers for invoices issued.

Accounts Receivable

Amounts owed to a company by customers for goods or services that have been delivered or sold but not yet paid for.

Sales on Account

Transactions where goods or services are sold with the understanding that payment will be made at a later date.

Times Interest Earned

A financial ratio that measures a company's ability to meet its interest obligations on outstanding debt from its operating income.