1. 7. This chapter talked about the idea of independent events. a. Suppose you draw a card...

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1. 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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Microeconomics, 2/e

ISBN: 253021

2nd Edition

Authors: Acemoglu, Daron & Laibson, David & List, John

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