Determine Whether the Events Are Mutually Exclusive $\frac { 1 } { 22 }$

question 100

Multiple Choice

Determine whether the events are mutually exclusive.
-If you pick a card at random from a well shuffled deck, what is the probability that you get a face card or a spade?

• A) \(\frac { 1 } { 22 }\)
• B) \(\frac { 9 } { 26 }\)
• C) \(\frac { 11 } { 26 }\)
• D) \(\frac { 25 } { 52 }\)

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Definitions:

Unrealized Gain

A profit that results from an investment that has increased in value but has not yet been sold for cash.

Acquisition Differential

The gap between what a company is bought for and the true worth of its recognizable assets and debts.

Goodwill Impairment

Goodwill impairment occurs when the market value of a company's goodwill asset falls below its book value, indicating that the asset is overvalued on the balance sheet.

Long-Term Liabilities

Financial obligations of a company that are due after a year or more.