QUESTION 5 The following game is available in a certain casino. The cards in a standard 52-card deck are assigned point values as follows: each numbered card (i.e. 2, 3, ..., 9, 10) is worth the number on the card, each face card (i.e. J, Q, K) is worth 10 points, and each ace is worth 1 point. A card is drawn at random from the deck and the player is paid the point value of the drawn card in dollars. What is the minimum that the casino should charge (to the nearest cent) for one play of the game to avoid losing money, at least on average? Round to 2 decimal places if needed.

QUESTION 5 The following game is available in a certain casino. The cards in a standard 52-card deck are assigned point values as follows: each numbered card (i.e. 2, 3, ..., 9, 10) is worth the number on the card, each face card (i.e. J, Q, K) is worth 10 points, and each ace is worth 1 point. A card is drawn at random from the deck and the player is paid the point value of the drawn card in dollars. What is the minimum that the casino should charge (to the nearest cent) for one play of the game to avoid losing money, at least on average? Round to 2 decimal places if needed.

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.7: Probability

Problem 61E: Roulette American roulette is a game in which a wheel turns on a spindle and is divided into 38...

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