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10. She Is pla game his game is this: Ann chooses one card from the deck at random. She wins an amount of money equal to the value of the card if an odd numbered card is rawn. She loses $5 if an even numbered card is drawn. a) Find the expected value of playing the game. || dollars b) What can Ann expect in the long run, after playing the game many times? (She replaces the card in the deck each time.) O Ann can expect to gain money. She can expect to win dollars per draw. O Ann can expect to lose money. She can expect to lose dollars per draw. O Ann can expect to break even (neither gain nor lose money).

10. She Is pla game his game is this: Ann chooses one card from the deck at random. She wins an amount of money equal to the value of the card if an odd numbered card is rawn. She loses $5 if an even numbered card is drawn. a) Find the expected value of playing the game. || dollars b) What can Ann expect in the long run, after playing the game many times? (She replaces the card in the deck each time.) O Ann can expect to gain money. She can expect to win dollars per draw. O Ann can expect to lose money. She can expect to lose dollars per draw. O Ann can expect to break even (neither gain nor lose money).

Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter14: Counting And Probability
Section14.FOM: Focus On Modeling: The Monte Carlo Method
Problem 3P: Dividing a JackpotA game between two players consists of tossing a coin. Player A gets a point if...
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Ann has a deck of 10 cards numbered 1 through 10. She is playing a game of chance. This game is this: Ann chooses one card from the deck at random. She wins an amount of money equal to the value of the card if an odd numbered card is drawn. She loses $5 if an even numbered card is drawn. (a) Find the expected value of playing the game. I| dollars (b) What can Ann expect in the long run, after playing the game many times? (She replaces the card in the deck each time.) O Ann can expect to gain money. She can expect to win dollars per draw. O Ann can expect to lose money. She can expect to lose dollars per draw. O Ann can expect to break even (neither gain nor lose money).
Transcribed Image Text:Ann has a deck of 10 cards numbered 1 through 10. She is playing a game of chance. This game is this: Ann chooses one card from the deck at random. She wins an amount of money equal to the value of the card if an odd numbered card is drawn. She loses $5 if an even numbered card is drawn. (a) Find the expected value of playing the game. I| dollars (b) What can Ann expect in the long run, after playing the game many times? (She replaces the card in the deck each time.) O Ann can expect to gain money. She can expect to win dollars per draw. O Ann can expect to lose money. She can expect to lose dollars per draw. O Ann can expect to break even (neither gain nor lose money).
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