A card is drawn from a standard 52-card deck. If the card is a king, you...

Question

Question

A card is drawn from a standard 52-card deck. If the card is a king, you win

$10;

otherwise, you lose

$3.

What is the expected value of the game

A card is drawn from a standard 52-card deck. If the card is a king, you win $10; otherwise, you lose $3.

What is the expected value of the game

Answer 1

Answer #1

Sol:- x → Amount won I lose P(x) 4 poobability x $10 - $3 P(x) 1930 181013 E(X)= EXP(1) - 10(13) - 3 (13) = -26 13 -3) is -$2

Answer 2

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