Three Cards Are Randomly Drawn,with Replacement,from a Standard Deck of 52

question 69

Multiple Choice

Three cards are randomly drawn,with replacement,from a standard deck of 52 cards.Find the probability that the cards chosen,in order,are a queen,the 3 of diamonds,and a diamond.

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Definitions:

Earnings Per Share

A financial ratio that measures the amount of a company's profit allocated to each outstanding share of common stock, serving as an indicator of the company's profitability.

Public Company

A company whose ownership is distributed amongst general public shareholders through the trading of shares publicly on the stock exchange.

Net Income

What a company ultimately earns in profit after removing the costs of taxes and expenses from its revenue.

Stockholders' Equity

The ownership interest of shareholders in a corporation, measured as the company's total assets minus its total liabilities.