Find the Conditional Probability $\mathrm { P } ( \mathrm { A } \mid$

question 71

Multiple Choice

Find the conditional probability.
-Suppose one card is selected at random from an ordinary deck of 52 playing cards. Let A = event a diamond is selected
B = event a club is selected. Determine $\mathrm { P } ( \mathrm { A } \mid$ | (not $\mathrm { B } ) )$ .

• A) \(\frac { 1 } { 3 }\)
• B) 1
• C) 0
• D) \(\frac { 1 } { 4 }\)

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Definitions:

Operation Discontinuation

The process of ceasing operations in certain business segments or units, often resulting in their sale or closure.

Income Statement

A financial report that shows a company's revenues, expenses, and profits over a specific period, revealing financial performance.

Extraordinary Item

A significant transaction or event that is both unusual and infrequent, no longer recognized in GAAP financial statements but was distinguished as having a major impact on a company's financial health.

Cost of Goods Sold

The Cost of Goods Sold (COGS) represents the direct expenses related to the production of goods sold by a company, including material and labor costs.