7. Uncle Sam invites you to draw a card from a full deck of playing cards....

Question

Question

Answer 1

Answer #1

523 eron-ace) =-13 12 13 Ca) pax) 13 128

Answer 2

Similar Homework Help Questions

how do you solve with work? 3. Uncle Sam invites you to draw a card from...

how do you solve with work? 3. Uncle Sam invites you to draw a card from a full deck of playing cards. You must pay $2 to play but you have a chance to win $13 if you draw an ace. (a) (4 points) Complete the following table for the house. P(2), your net winning probability of your net winning (b) (2 points) Find the expected value for each draw for the house. (b) 4. You pay $5 and select...
round probabilities to four decimal places. You draw one card from a deck of 52 cards....

round probabilities to four decimal places. You draw one card from a deck of 52 cards. If you get a heart, you win $18. If you get anything else you pay $5. Note: There are 13 hearts in the deck. a. What is the probability of winning the game? b. What is the expected value of the game? c. If you play the game 100 times, what is your expected gain or loss?
You are playing a game by drawing a card from a standard deck and replacing it....

You are playing a game by drawing a card from a standard deck and replacing it. If the card is a face card, you win $30. If it is not a face card, you pay $2. There are 12 face cards in a deck of 52 cards. What is the expected value of playing the game? Create a probability distribution table below to find the expected value. Create a probability distribution table below to find the expected value. x P(x)...

7. Alicia is playing a game by drawing a card from a standard deck and replacing...

7. Alicia is playing a game by drawing a card from a standard deck and replacing it. If the card is an Ace card, Alicia win $100. If it is not an Ace card, she pay $10. There are 4 Ace cards in a deck of 52 cards. Should Alicia play the game? A. Yes, she is expected to win money in the long term. B . No, she is expected to lose money in the long term.
Q2) suppose we draw a card from a deck of playing cards. (There are 52 cards...

Q2) suppose we draw a card from a deck of playing cards. (There are 52 cards in a deck) a) What is the probability that we draw a spade? B) What is the probability of getting a heart card given that it is red (heart and diamond) card?
2. You are playing a game where you chose a card at random from a standard...

2. You are playing a game where you chose a card at random from a standard deck of 52 cards. If the card chosen is a face card then you win $3. If the card is not a face card then you pay $1. There are 12 face cards in the deck. (a) How much money would you expect to win or lose each time you play the game? (b) If you wanted to make the answer to part a)...

probability A card is drawn randomly from a deck of ordinary playing cards. You win $10...

probability A card is drawn randomly from a deck of ordinary playing cards. You win $10 if the card is a spade or an ace. What is the probability that you will win the game (and $10)? O 1/13 13/52 O 16/52 O 17/52 None of the above X
If we draw a single card at random from a deck of 52 playing cards, find...

If we draw a single card at random from a deck of 52 playing cards, find the probability that the card is: a) a heart or a jack. b) not a spade.
1) You start with a full deck of cards, which have been shuffled. You draw cards from the deck, w...

1) You start with a full deck of cards, which have been shuffled. You draw cards from the deck, with out replacement, until you get a card other than an ace. What is the expected value of the number of cards drawn? 2) What is the expected number of face cards (jack, queen, or king) in a three card hand drawn at random from a standard deck of cards? 1) You start with a full deck of cards, which have...

6. Alicia is playing a game by drawing a card from a standard deck and replacing...

6. Alicia is playing a game by drawing a card from a standard deck and replacing it. If the card is an Ace card, Alicia win $100. If it is not an Ace card, she pay $10. There are 4 Ace cards in a deck of 52 cards. What is the expected value of playing this game? A. 2.934 B.-0.572 C.-1.273 D.-1.538 E.-1.792 F.-2.682