Michelle draws a card from a standard deck of 52 cards. She replaces the card and draws a second card. What is the probability t
2 answers:
To draw a heart, one would be choosing 1 card of 13 possible hearts, and 0 from the remaining 39 non-hearts. With respect to the entire deck, one would be choosing 1 card from 52 total cards. So the probability of drawing a heart is
When Michelle replaces the card, the deck returns the normal, so the probability of drawing any card from a given suit is the same,
. In other words, drawing a spade is independent of having drawn the heart first.
So the probability of drawing a heart, replacing it, then drawing a spade is
.
When Michelle replaces the card, the deck returns the normal, so the probability of drawing any card from a given suit is the same,
So the probability of drawing a heart, replacing it, then drawing a spade is
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Price of book in 1938 = $ 0.10
Price of book in 2011 = $ 2,161,000
Number of years over 1938-2011 = 2011 - 1938 = 73
Annual increase in the price =
⇒ Annual increase in the price =
⇒ Annual increase in the price = (1.260302283 - 1 ) × 100
⇒ Annual increase in the price = 0.260302283 × 100
⇒ Annual increase in the price = 26.0302283 %
⇒ Annual increase in the price = 26%
Hence, the comic book price increased by 26% annually