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 diamonds, your friend will pay you $139. otherwise, you have to pay your friend $7. Step 1 of 2: What is the expected value of your bet? Round your answer to two decimal places. Losses must be expressed as negative values.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section: Chapter Questions
Problem 9CC
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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 diamonds, your friend will pay you $139. Otherwise, you have to pay your friend $7.
Step 1 of 2: What is the expected value of your bet? Round your answer to two decimal places. Losses must be expressed as negative values.
Answer
E Tables
E Keypad
How to enter your answer
Keyboard Shortcuts
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 diamonds, your friend will pay you $139. Otherwise, you have to pay your friend $7. Step 1 of 2: What is the expected value of your bet? Round your answer to two decimal places. Losses must be expressed as negative values. Answer E Tables E Keypad How to enter your answer Keyboard Shortcuts
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