When You Choose a Card at Random from a Well-Shuffled

question 16

Multiple Choice

When you choose a card at random from a well-shuffled deck, the probability is 1/4 that your card belongs to any one of the four suits: clubs, diamonds, hearts, and spades. Clubs and spades are black, hearts and diamonds are red. The probability that your randomly chosen card is red is

• A)0)
• B) 1/4.
• C) 1/2.
• D) 3/4.
• E) 1.

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Definitions:

Intercompany Profit

Profits generated from transactions between companies within the same corporate group, which may be eliminated during consolidation.

Net Increase/Decrease

This refers to the overall rise or fall in a particular financial metric or account over a specified period.

Bonds Payable

A long-term debt instrument issued by a company to investors, representing the amount it is obligated to pay back with interest.

Fair Value

A market-based measurement that reflects the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties.