A Card Is Drawn from a Well-Shuffled Deck of 52 $\frac { 13 } { 2 }$

question 172

Multiple Choice

A card is drawn from a well-shuffled deck of 52 cards. What is the probability of drawing an ace or 8?

• A) \(\frac { 13 } { 2 }\)
• B) 9
• C) \(\frac { 9 } { 26 }\)
• D) \(\frac { 2 } { 13 }\)

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Definitions:

Production Techniques

Methods and processes used in the transformation of inputs into outputs (goods or services).

Efficient Markets Hypothesis

A financial theory suggesting that asset prices fully reflect all available information, making it impossible to consistently achieve higher than average returns.

Fundamental Analysis

A method of evaluating a security to measure its intrinsic value by examining related economic, financial, and other qualitative and quantitative factors.

Fundamental Analysis

An approach in finance that assesses securities by attempting to measure their intrinsic value through examining related economic, financial, and other qualitative and quantitative factors.