Calculating the Probability of Getting Three Aces in a Hand

question 24

True/False

Calculating the probability of getting three aces in a hand of five cards dealt from a deck of 52 cards would require the use of a hypergeometric distribution.

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Definitions:

Diversified Portfolio

An investment portfolio that includes a variety of asset types in order to reduce risk.

ETFs

Exchange-Traded Funds, which are investment funds traded on stock exchanges, similar to stocks, and hold assets such as stocks, commodities, or bonds.

Capital Gain Distributions

Payments to shareholders or fund investors from the sale of securities within the portfolio that have appreciated in value.

Income Distributions

Payments made from a fund or an entity to its shareholders, often derived from interest or dividend income.