The Probability of Drawing a Red Card from a Deck

question 48

Multiple Choice

The probability of drawing a red card from a deck of normal playing cards is .5 (half red,half black) .A magician draws 12 cards from the deck.What is the probability that the magician draws 10 red cards?

• A).0002
• B).004
• C).016
• D).064

Understand the concept of transfer pricing and its range for transfers within a company.

Calculate residual income and understand its implications for investment decisions.

Assess the return on investment (ROI) for new investment opportunities and their impact on overall company performance.

Analyze financial data to compute margin, turnover, and ROI for performance evaluation.

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Definitions:

Dishonored Note

A promissory note that has not been paid by the maker at its maturity date.

Interest Calculation

The process of determining the amount of interest earned or paid over a period of time on investments or loans.

Direct Write-Off Method

A method of accounting for bad debts that writes off an outstanding account receivable as a bad debt expense only when it becomes evident the debt is uncollectible.

Reinstatement

The process of restoring a previous condition or position, such as reinstating a lapsed insurance policy or an employee's job position.