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The following card game with a well shuffles deck of cards. If you draw a red card, you win nothing. If you get a spade, you win 77.22 dollars. For any club, you win 49.95 dollars plus an extra 29.13 dollars for both ace of clubs. What is the expected value of your winnings if you play the game?

The following card game with a well shuffles deck of cards. If you draw a red card, you win nothing. If you get a spade, you win 77.22 dollars. For any club, you win 49.95 dollars plus an extra 29.13 dollars for both ace of clubs. What is the expected value of your winnings if you play the game?

Algebra and Trigonometry (MindTap Course List)
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 9CC: a Suppose that a game gives payouts a1,a2,...,an with probabilities p1,p2,...pn. What is the...
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The following card game with a well shuffles deck of cards. If you draw a red card, you win nothing. If you get a spade, you win 77.22 dollars. For any club, you win 49.95 dollars plus an extra 29.13 dollars for both ace of clubs. What is the expected value of your winnings if you play the game?
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