Suppose that you and a friend are playing cards and you decide to make a friendly wager. The bet is that you will draw two cards without replacement from a standard deck. If both cards are clubs, your friend will pay you $14. Otherwise, you have to pay your friend $3. Step 2 of 2: If this same bet is made 740 times, how much would you expect to win or lose? Round your answer to two decimal places. Losses must be expressed as negative values.

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter11: Data Analysis And Displays
Section: Chapter Questions
Problem 1CA
icon
Related questions
Topic Video
Question
Suppose that you and a friend are playing cards and you decide to make a friendly wager. The bet is that you will draw two cards without
replacement from a standard deck. If both cards are clubs, your friend will pay you $14. Otherwise, you have to pay your friend $3.
Step 2 of 2: If this same bet is made 740 times, how much would you expect to win or lose? Round your answer to two decimal places.
Losses must be expressed as negative values.
Transcribed Image Text:Suppose that you and a friend are playing cards and you decide to make a friendly wager. The bet is that you will draw two cards without replacement from a standard deck. If both cards are clubs, your friend will pay you $14. Otherwise, you have to pay your friend $3. Step 2 of 2: If this same bet is made 740 times, how much would you expect to win or lose? Round your answer to two decimal places. Losses must be expressed as negative values.
Expert Solution
Step 1

Given Data:-From a standard deck draw 2 cards without replacement,P(win) = both card are club.P(both card club) = 13c252c2 = 117

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Discrete Probability Distributions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning