A card is drawn from a standard 52-card deck. If the card is a diamond, you win $10. If not, you lose $1. What is the expected value of this game?

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.CT: Chapter Test
Problem 15CT
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A card is drawn from a standard 52-card deck. If the card is a diamond, you win $10. If not,
you lose $1. What is the expected value of this game?
Transcribed Image Text:A card is drawn from a standard 52-card deck. If the card is a diamond, you win $10. If not, you lose $1. What is the expected value of this game?
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