Suppose that a risk-free investment will make three future payments of $250 in 1 year, $250 in 2 years, and $250 in 3 years. Ins
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Answer:
Probability is:
Step-by-step explanation:
From a deck of 52 cards there are 26 black cards. (Spades and Clubs).
Also, there are 26 red cards. (Hearts and Diamonds).
First, we determine the probability of drawing a black card.
P(drawing a black card) =
Now, since we don't replace the drawn card, there are only 51 cards.
But the number of red cards is still 26,
∴ P(drawing a red card) =
Now, the probability of both black and red card =
Hence, the answer.