7. This chapter talked about the idea of independent events. a. Suppose you draw a card from...
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7. This chapter talked about the idea of independent events.
a. Suppose you draw a card from a standard deck of cards, you put that card back in the deck, and draw a second card. Are the events “Draw a diamond the first time” and “Draw a diamond the second time” independent events?
b. Suppose you draw a card from a standard deck of cards, you do not put that card back in the deck, and draw a second card. Are the events “Draw a diamond the first time” and “Draw a diamond the second time” independent events?
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Related Book For
Microeconomics
ISBN: 9781292214351
2nd Global Edition
Authors: Daron Acemoglu, David Laibson, John List
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