Suppose That Two Cards Are Drawn Without Replacement from a Well-Shuffled

question 1

Essay

Suppose that two cards are drawn without replacement from a well-shuffled deck. What is the probability that both cards have numbers and that the numbers on the cards are the same (note that only the numbers 2 through 10 are shown on cards, since aces, kings, queens, and jacks are represented by letters).

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Definitions:

Economies of Scale

The reduction in per-unit cost achieved by an increase in production volume, allowing businesses to spread fixed costs over more units.

Mass Customization

A strategy that allows consumers to personalize specific aspects of a product while still producing it in large volumes, combining the benefits of mass production with individual customization.

Online Shopping

The act of purchasing products or services over the Internet, allowing consumers to buy goods from the comfort of their own homes.

Value Cocreation

A business strategy that emphasizes the collaboration between companies and customers to produce mutual value.