Probability of a straight flush

Assignment Help Finance Basics
Reference no: EM131115557

Assume a standard deck of 52 cards with four suits. 

A straight flush is a when you have a hand of 5 cards, in which the cards are in consecutive order such as A 2 3 4 5 or 10 J Q K A or 6 7 8 9 10.

The possibility of a straight flush is 10*4 divided by Combination(52, 5) when you are dealt a hand of 5 random cards. But what if the first card you draw is the 7 of diamonds? What is the probability of a straight flush then?

Reference no: EM131115557

Questions Cloud

Compute the amount of any liability for compensated absences : Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2013 and 2014.
Draft the security considerations for each phase : Specify what can be done in each systems development process phase to mitigate the risk for each entry in the table from the previous week. Be specific, but high-level in your mitigations. Most or all items will have something to check or do in ea..
Chance factors or systemic sampling factors : If this is not accounted for, results can be erroneously attributed to the phenomenon under study rather than to the method of sampling. Will biased sampling always lead to a wrong conclusion? Is biased sampling due to chance factors or systemic s..
Disadvantages of mediation compared to arbitration : DISCUSS the advantages and disadvantages of mediation compared to arbitration (just creating a list without discussion will only receive partial credit). When viewing a choice between mediation or arbitration, what are some of the factors that you co..
Probability of a straight flush : The possibility of a straight flush is 10*4 divided by Combination(52, 5) when you are dealt a hand of 5 random cards. But what if the first card you draw is the 7 of diamonds? What is the probability of a straight flush then?
Various liabilities how would each of the following items : Balance Sheet Classification of Various Liabilities how would each of the following items be reported on the balance sheet?
Calculate the variable cost per unit and fixed costs : Using the High-Low method calculate the variable cost per unit and fixed costs. If the activity in August was 200 machine hours, what would the high-low method predict the overhead cost would be
Line between effective change and chaotic change : Where is the line between effective change and chaotic change? What are some elements a manager needs to keep in mind in order to create effective change and avoid chaos?
Examine two substance abuse prevention programs in us : In a 500-750 word paper, examine at least two substance abuse prevention programs in the United States. Refer to the National Registry of Evidence-based Programs and Practices website to help you successfully complete your paper. Make sure you cho..

Reviews

Write a Review

 

Finance Basics Questions & Answers

  Find the probability of the number of women

A random sample of 13 adult women is selected. Use the binomial probabilities table or technology to find the probability of the number of women in this sample of 13 who had tried 5 or more diets in their lifetime is

  Write an apa style paper outlining the effects of financial

write an apa style paper outlining the effects of financial planning governance and ethical issues in modern economies.

  Explain the term capital budgeting

Explain the term Capital budgeting in concern to Ettenheim Village is considering building a town swimming pool

  Explain and critique the pecking-order theory

What signals are provided to investors when a company obtains debt financing? What signals are provided to investors when a company obtains equity financing?

  Four derivative securities

Discuss and provide examples of at least four derivative securities. Be sure to include the pros and cons of each one.

  What the duration of a 30-year zero coupon bond

1. What's the duration of a 30-year zero coupon bond?2. Identify at least three different kinds of fixed-income securities, and the pros and cons of each from both the firm's perspective as well as the potential investor's perspective.

  Inquiring employers want to know

The following information is sometimes requested on standard employment applications, though job candidates might consider some of it to be private or personal.

  Calculate the debt equity and number of shares

Calculate the debt, equity and number of shares under each of the capital structures under consideration.

  What is the project''s expected npv if the tax is imposed

The project has a 12 percent cost of capital. Assume at the outset that the company does not have the option to delay the project. Use decision tree analysis to answer the following questions. a. What is the project's expected NPV if the tax is impos..

  As a starting point what is the price of the combined test

allied laboratories is combining some of its most common tests into one-price packages one such package will contain

  Assume a retention ratio of 045 and a historical return on

abc co. has the following dividend payment historyyearnbspnbspnbspnbspnbspnbspnbsp dividend2003nbspnbspnbspnbspnbspnbsp

  What is the implied rate on this loan

For example, if a 1-year loan is stated as $20,000 and the interest rate is 10%, the borrower "pays" 0.10 × $20,000 = $2,000 immediately, thereby receiving net funds of $18,000 (=$20,000-$2,000) and repaying $20,000 in a year. What is the implied ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd