SOLUTION: 4) An investment counselor claims that a stock price will go up is 0.60, remaining unchanged 0.37 or go down is 0.25. Explain what is wrong with the afore-stated statement. 5) T

Question 193473: 4) An investment counselor claims that a stock price will go up is 0.60, remaining unchanged 0.37 or go down is 0.25. Explain what is wrong with the afore-stated statement.
5) Two cards are drawn in succession from a well shuffled pack of 52 playing cards. What is the probability that both drawn cards are Ace when
i) first drawn cards is replaced before the next draw, and
ii) first drawn cards is not replaced before the next draw? Mr.Stans Thanxs a lot this is my last question.
Answer by Mathtut(3670) (Show Source): You can put this solution on YOUR website!
i) (4/52)*4/52)
ii) (4/52)*(3/51)

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