Julia is playing a game of chance in which four cards are drawn from a standard deck of 52 cards Julia guesses the suit of each card before it is drawn. The cards are replaced in the deck after each draw. Julia pays $1 to play. If Julia guesses the right suit every time, she gets her money back and $229. Complete the probability distribution table. Probability Distribution Table P(x) -1 What is your long-term expected profit per game? $ What is the standard deviation?

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.CR: Chapter Review
Problem 35E
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Julia is playing a game of chance in which four cards are drawn from a standard deck of 52 cards .
Julia guesses the suit of each card before it is drawn. The cards are replaced in the deck after each
draw. Julia pays $1 to play. If Julia guesses the right suit every time, she gets her money back and
$229.
Complete the probability distribution table.
Probability Distribution
Table
P(x)
-1
What is your long-term expected profit per game?
$4
What is the standard deviation?
$4
Transcribed Image Text:Julia is playing a game of chance in which four cards are drawn from a standard deck of 52 cards . Julia guesses the suit of each card before it is drawn. The cards are replaced in the deck after each draw. Julia pays $1 to play. If Julia guesses the right suit every time, she gets her money back and $229. Complete the probability distribution table. Probability Distribution Table P(x) -1 What is your long-term expected profit per game? $4 What is the standard deviation? $4
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