Suppose james randomly draws a card from a standard deck of 52 cards. he then places it back into the deck and draws a second card. a standard deck of cards contains four suits: clubs, diamonds, hearts, and spades. there are 13 cards in each suit, which includes three face cards: jack, queen, and king. what is the probability that james draws a queen card as the first card and a diamond card as the second card? express your answer as a percentage precise to two decimal places.

1.92%

Step-by-step explanation:

The probability for first case, picking a queen out of deck, will be:

as there will be 4 queens in a deck, one of each suit.

For the second pick, the probability of picking a diamond card, will be:

here the total will remain 52 as he has replaced the first card and not kept it aside and there will be 13 cards in diamond suit (including the three face cards).

Thus the net probability for both cases will be:

Thus total probability for the combined two cases will be 1.92%

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%

8/k

step-by-step explanation: