The Sample Space Is the Set of Black Face Cards $\frac { 1 } { 6 }$

question 79

Multiple Choice

The sample space is the set of black face cards from a standard deck of cards. What is the probability that the card is greater than 2?

• A) \(\frac { 1 } { 6 }\)
• B) \(\frac { 4 } { 19 }\)
• C) 1
• D) \(\frac { 1 } { 19 }\)
• E) 0

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Definitions:

Revealed Preferences

A concept in economics that preferences of consumers can be inferred by observing their purchasing habits and behaviors.

Francs

A former unit of currency in France and other countries, replaced by the Euro in many instances.

Utility Function

An equation that assigns numerical values to different combinations of goods and services, capturing the level of satisfaction or preference that an individual derives from these combinations.

Paasche Price Index

An economic measure that calculates the change in the level of prices of a basket of goods and services purchased in the current period, compared to a base period, using the quantities bought in the current period.