Noel and Herman need to replace Noel's car. But with the furniture and appliance payments, the credit card bills, and Herman's car payment, they are uncertain if they can afford another payment. The auto-financing representative has asked, "What size payments are you thinking of?" Current payments (excluding the potential cost of Noel's car) total $271 of their $1 comma 880 combined monthly take-home pay. Calculate the debt limit ratio to help them decide about the car purchase and answer the question, "What size payments are you thinking of?" by first assuming a 15 percent limit and then "stretching" it to a 20 percent limit.

Part (a) is relatively straight forward.there are 4 aces in a standard 52-card deck. so the probability that an ace is picked is just 4/52.part (b): note that there are 4 suits in a standard 52-card deck. so picking hearts will be 13/52 or 1/4.part (c): the probability condition or means we need to add the two probabilities because we do not want them simultaneously. so, we end up getting pr(ace) + pr(heart).from part (a), we found that picking an ace had a probability of 4/52, which is reduced down to 1/13.from part (b), we found that picking a heart had a probability of 1/4.so, the probability of an ace or a heart is 1/13 + 1/4 = 4/52 + 13/52 = 17/52.

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