We Draw a Card from a Deck 6 Times (Replacing

question 152

Multiple Choice

We draw a card from a deck 6 times (replacing the card after each draw) and get 3 kings.How likely is this?

• A)Yes.
• B)No.More than two outcomes are possible.
• C)No.The chance of getting a king changes as cards are drawn.
• D)No.6 is more than 10% of 52.
• E)No.The draws are not independent of each other.

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Definitions:

Compounded Annually

Interest on an investment is calculated once a year and added to the principle, increasing the amount the interest is calculated on the following year.

Scholarships

Financial aid awards given to students to support their education, typically based on academic achievement, talent, or other criteria.

Compounded Quarterly

The calculation of interest on both the initial principal and accumulated interest over three-month intervals.

Perpetual Payments

Financial payments that continue indefinitely without an end date, often seen in perpetuities or certain types of bonds.