Question

A deck of cards eshtains 52 cards, of which 4 are aces. You sare offered the following wager Draw one card at random from the deck. You win $10 if the card drawn is an ace. Otherwise you lose S1. If you played this game many times what is the mean outcome O a. About S0, or that on average, you break even since the random draw gives you a fair bet O b. About negative 50.15, or that on average, you lose about $0.15 per game O c. About $0.77, or that on average, you win about 50.77 per game. O d. About 59 because you win $10 but lose only $1 O e. About negative $1 since you will lose most of the time.

Answer 1