Consider a Game That Consists of Dealing Out a Hand

question 60

Multiple Choice

Consider a game that consists of dealing out a hand of two random cards from a deck of four cards.The deck contains the Ace of Spades (As) ,the Ace of Hearts (Ah) ,the King of Spades (Ks) and the 9 of Hearts (9h) .What is the probability that you have exactly one Ace?

• A)1/6
• B)2/6
• C)3/6
• D)4/6
• E)5/6

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Definitions:

Outstanding Principal

The remaining amount of money owed on a loan or mortgage, not including interest, that has yet to be repaid.

Equal Payments

Regular payments of the same amount made over a period of time.

Compounded Annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods once a year.

Interest

The fee or rent that lenders charge for the use of their money.