Assuming That Each of the 52 Cards in an Ordinary

question 103

Multiple Choice

Assuming that each of the 52 cards in an ordinary deck has a probability of 1/52 of being drawn, what is the probability of drawing a black ace?

• A)1/52
• B)2/52
• C)3/52
• D)4/52

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Definitions:

Cancellation Form

Under the Federal Trade Commission’s Cooling-Off Rule, a document that can be filled out to terminate an order for consumer goods or services made at the buyer’s home for consumer goods or services valued at $25 or more.

Truth-in-Lending Act

A U.S. federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.

Unauthorized Charges

Expenses made to a credit card, bank account, or other financial account without the account holder’s approval or knowledge.

Credit Card

A payment card issued by financial institutions allowing the cardholder to borrow funds for purchases or cash advances.