Solve the Problem $\frac { 1 } { 52 }$ B) $\frac { 11 } { 13 }$

question 111

Multiple Choice

Solve the problem.
-A card is selected at random from a deck of cards. Find the probability: P(selecting a 10)

• A) \(\frac { 1 } { 52 }\)
• B) \(\frac { 11 } { 13 }\)
• C) \(\frac { 1 } { 13 }\)
• D) \(\frac { 15 } { 52 }\)

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Definitions:

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, technology).

Strike

A work stoppage caused by the mass refusal of employees to work, usually in an attempt to gain better wages or working conditions.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources), assuming all inputs are used efficiently.

Economic Growth

Refers to the increase in the production of economic goods and services, from one period to another, often measured by GDP (Gross Domestic Product).