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

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This chapter talked about the idea of independent events.
a. Suppose you draw a card from a standard deck of cards, 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

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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