Given the Standard Deck of Cards, What Is the Probability

question 49

Multiple Choice

Given the standard deck of cards, what is the probability of drawing a red card, given that it is a face card?

• A) 0.500
• B) 0.115
• C) 0.231
• D) 0.077
• E) 0.308

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Definitions:

Mining Town

A community developed to house miners and is located near mining operations.

Effective Rate

The total calculated interest on a loan or investment annually, including compounding, differing from the nominal interest rate.

Effective Annualized Rate

The interest rate that is annualized using compounding over a given period, providing a true reflection of the financial cost.

Simple Interest

Interest calculated on the principal portion of a loan or deposit, without compounding over time.