Two Cards Are Drawn Without Replacement from a Well-Shuffled Deck

question 27

Multiple Choice

Two cards are drawn without replacement from a well-shuffled deck of 52 playing cards. What is the probability that the second card drawn is a heart given that the first card drawn was not a heart? What is the probability that the second card drawn is a heart given that the first card drawn was a heart? ​

---

Definitions:

Equilibrium

The market condition where supply equals demand for a product, resulting in a stable price.

Consumer Surplus

The difference between what consumers are willing to pay and what they actually pay.

Market Price

The current price at which a good or service can be bought or sold, determined by the forces of supply and demand.

Deadweight Loss

A loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.