With a typical 52-card deck that has 4 jacks, Margaret is playing a game. The game is initiated by the first player to choose a jack. When choosing first, Margaret's probability of selecting Jack is 1/13.
The same will occur since probability will be determined using the formula necessary outcome divided by total outcome.
Here, the total number of cards in the deck (total outcome) equals 52.
Given that Margaret can select any of the four jacks, the necessary result (number of jacks) is 4.
Probability is 4/52, or 1 by 13, which is the required probability for the question.
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See? i am not sure if it’s right, sorry if it is not!!!
Answer:
-save by the $100's and spend whatever you have left until you get payed again
In maximizing profits (or minimizing loss), a single-price monopolist will charge a price that is greater than the marginal cost.
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Who is a monopolist?</h3>
A monopolist is usually a term used to refer to a business entity that solely controls the market of a certain product or service without any competitor. In the case of a single-price monopolist, if they charge a price that is greater than marginal cost is the most viable option to maximize profit.
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