Navya is playing a game of chance in which four cards are drawn from a standard deck of 52 cards Navya guesses the suit of each card before it is drawn. The cards are replaced in the deck after each draw. Navya pays $3 to play. If Navya guesses the right suit every time, she gets her money back and $280. Complete the probability distribution table. Probability Distribution Table I P(x) -3 What is your long-term expected profit per game? What is the standard deviation? LA

MATLAB: An Introduction with Applications
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Navya is playing a game of chance in which four cards are drawn from a standard deck of 52 cards
¹.Navya guesses the suit of each card before it is drawn. The cards are replaced in the deck after
each draw. Navya pays $3 to play. If Navya guesses the right suit every time, she gets her money
back and $280.
Complete the probability distribution table.
Probability Distribution Table
I
P(x)
What is your long-term expected profit per game?
$
-3
What is the standard deviation?
LA
$
Transcribed Image Text:Navya is playing a game of chance in which four cards are drawn from a standard deck of 52 cards ¹.Navya guesses the suit of each card before it is drawn. The cards are replaced in the deck after each draw. Navya pays $3 to play. If Navya guesses the right suit every time, she gets her money back and $280. Complete the probability distribution table. Probability Distribution Table I P(x) What is your long-term expected profit per game? $ -3 What is the standard deviation? LA $
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