If the card is the Ace of Hearts, you win $1000. If the card is any other Heart or any other Ace, you win $100.   What is the probability of winning any amount on a single play? Round to four decimals Suppose you play this game three times in a row. The card is replaced and the deck is re-shuffled between each game. What is the probability of winning any amount on at least one of these plays? Round to four decimals. Calculate the expected value of your winnings if you play this game once. Round to the nearest cent

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.8: Probabilities Of Disjoint And Overlapping Events
Problem 2C
icon
Related questions
Question
100%

In a game of chance, a card is drawn from a standard 52-card deck.

 

If the card is the Ace of Hearts, you win $1000. If the card is any other Heart or any other Ace, you win $100.

 

What is the probability of winning any amount on a single play? Round to four decimals

Suppose you play this game three times in a row. The card is replaced and the deck is re-shuffled between each game. What is the probability of winning any amount on at least one of these plays? Round to four decimals.

Calculate the expected value of your winnings if you play this game once. Round to the nearest cent

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning