A game is played using a standard 52-card deck. The player pays $3.00 to play and gets to pick one card at random from the deck. If the player picks an ace, they win $12.00. If they pick a face card, they win $7.00. If the player picks a numbered card, they win $1.00. What is the expected value of the game?
A game is played using a standard 52-card deck. The player pays $3.00 to play and gets to pick one card at random from the deck. If the player picks an ace, they win $12.00. If they pick a face card, they win $7.00. If the player picks a numbered card, they win $1.00. What is the expected value of the game?
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section: Chapter Questions
Problem 9CC
Related questions
Question
A game is played using a standard 52-card deck. The player pays $3.00 to play and gets to pick one card at random from the deck. If the player picks an ace, they win $12.00. If they pick a face card, they win $7.00. If the player picks a numbered card, they win $1.00. What is the expected value of the game?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL