- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 3. Probability Concepts
- Subject 1. Introduction
CFA Practice Question
A card is randomly select from a standard 52-card deck. The odds in favor of a king are ______.
B. 48 : 4
C. 4 : 52
A. 4 : 48
B. 48 : 4
C. 4 : 52
Correct Answer: A
The odds in favor of an event is the ratio of success to failure. For a king, there are 4 chances of success and 48 chances of failure. So, odds in favor of a king are 4:48.
User Contributed Comments 8
| User | Comment |
|---|---|
| gulfa99 | i dont play cards............. |
| dipu617 | well... start playing if you want to pass cfa level-1 ... ;-) |
| robertucla | Com'on you don't play cards?! |
| 2014 | Gambling is growing industry ... more people are added ... |
| Shaan23 | Yeah man step up. I just lost 315 bucks playing cards. If you never play how will you ever lose your money? |
| josephk417 | 1:12 as well ? right? |
| ashish100 | josephk417 over here talkin about stats...... |
| dbedford | P(K) = K:Not K; therefore, K=4 and Not K = 48 thus 4:48 |