Find the Probability $\frac { 1 } { 4 }$ B) $\frac { 1 } { 13 }$

question 129

Multiple Choice

Find the probability.
-When a single card is drawn from an ordinary 52-card deck, find the probability of getting a jack.

• A) \(\frac { 1 } { 4 }\)
• B) \(\frac { 1 } { 13 }\)
• C) \(\frac { 1 } { 52 }\)
• D) \(\frac { 1 } { 26 }\)

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Definitions:

Bonds

Financial instruments issued by corporations, governments, or other entities to finance projects or operations, representing a loan from the investor to the issuer that is to be repaid with interest.

Stock

Shares of ownership in a corporation, representing a claim on part of the corporation's assets and earnings.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Interest Rate

The portion of a loan incurred as interest by the borrower, generally stated as an annual percentage of the loan yet to be repaid.