A Card Is Drawn from an Ordinary Deck of 52

question 84

Multiple Choice

A card is drawn from an ordinary deck of 52 playing cards. Given that it is a jack(J) , queen(Q) or king(K) , what is the probability that a jack was drawn? ​

• A) Pr(J | J, Q,
• K) =
• B) Pr(J | J, Q,
• K) =
• C) Pr(J |J, Q,
• K) =
• D) Pr(J | J, Q,
• K) =
• E) Pr(J | J, Q,
• K) = 0

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Definitions:

Private Saving

The portion of households' income that is not consumed or paid in taxes, and is instead saved.

Investment

The action of allocating resources, usually money, with the expectation of generating an income or profit, often through the purchase of assets that are expected to increase in value.

Private Saving

The portion of individual or household income that is not consumed or taxed, often saved or invested for future use.

National Saving

The total of private and public savings in a country, representing the portion of national income not consumed or spent by the government.