A standard deck of cards has 52 cards divided into 4 suits, each of which has 13 cards. Two of the suits ( and , called `hearts' and `diamonds') are red, the other two ( and , called `spades' and `clubs') are black. The cards in the deck are placed in random order (usually by a process called `shuffling'). What is the probability that the first two cards drawn from the deck are both red

The probability that the first two cards drawn from the deck are both red is 24.51%

Step-by-step explanation:

A standard deck of cards has 52 cards. There are 4 of each card (4 Aces, 4 Kings, 4 Queens, etc.) . There are 4 suits (Clubs, Hearts, Diamonds, and Spades) with each suit being 13 cards .  Two of the suits (hearts and diamonds) are red, the other two (spades and clubs) are black.

P(first two cards drawn from the deck are both red)= P(First card is red) ∙× P(Second card is red)

Since two suits of the card is red (i.e hearts and diamond) and each suit consist of 13 cards, the total number of red cad = 13 + 13 = 26

P(First card is red) = number of red card / total number of cards = 26 / 52

When the first card is drawn without replacement i.e the card is not put back into the deck, the total number of card reduces to 51 and the number of red card reduces to 25.

Therefore, P(Second card is red) = 25 / 51

P(first two cards drawn from the deck are both red)= P(First card is red) ∙× P(Second card is red) = (26 / 52) × (25 / 51) = 0.2451 = 24.51%

The probability that the first two cards drawn from the deck are both red is 24.51%

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%

x= cost per bracelet

number of bracelets * x + shipping charge = total cost

so

9x+9=72