A Person Is Dealt 5 Cards from a Deck of 52

question 10

Multiple Choice

A person is dealt 5 cards from a deck of 52 cards. What is the probability they are all clubs?

• A) 0.2500
• B) 0.0962
• C) 0.0769
• D) 0.0010
• E) 0.0005

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Definitions:

Outside Investment

Financial capital provided by investors who are not part of the day-to-day operations of a business, usually in exchange for equity.

Company's Value

An assessment of a business's total worth, based on factors such as assets, earnings, and market position.

Short-term Loan

A loan scheduled to be repaid in less than a year, used for immediate cash flow needs.

Convertible Debt

A type of financing where a loan made to a company can be converted into equity, usually upon the occurrence of future financing rounds.