Expectation calculation.
Here required expectation is $2.1539
A card is drawn from a standard 52-card deck. If the card is a king, you...
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
A 5-card hand is dealt from a standard 52-card deck. If the 5-card hand contains at least one ace, you win $9; otherwise, you lose $1. What is the expected value of the game? The expected value of the game is dollars. (Type an integer or a decimal rounded to two decimal places.)
A 5-card hand is dealt from a standard 52-card deck. If the 5-card hand contains at least one four, you win $12; otherwise, you lose $3. What is the expected value of the game? The expected value of the game is dollars
2. Kyd and North are playing a game. Kyd selects one card from a standard 52-card deck. If Kyd selects a face card (Jack, Queen, or King), North pays him $5. If Kyd selects any other type of card, he pays North $2. a) What is Kyd's expected value for this game? Round your answer to the nearest cent. $ b) What is North's expected value for this game? Round your answer to the nearest cent. $ c) Who has...
An unfair coin is flipped. If a head turns up, you win $1. If a tail turns up, you lose $1. The probability of a head is.36 and the probability of a tail is .64. Let X be the random variable for the amount won on a single play of this game. What is the expected value of the game? E(X)= dollars (Type an integer or a decimal. Round to the nearest cent as needed.)
A single card is drawn from a standard 52 card deck. Find the conditional probability that the card is a heart, given that it is an ace. The probability that the card drawn is a heart, given that it is an ace is (Type an integer or a fraction)
Hello, I need help with Question 7. Please show all the steps and the solutions of the problem. Thank you very much. 7. Consider a game that consists of drawing a single card at random from a standard deck of 52 cards. You pay S3 to play the game, and the money is not returned. If you draw an ace, you win S10. If you draw a king or queen, you win S5. How much should you expect to win...
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.
71. A game involves selecting a card from a regular 52-card deck and tossing a coin. The coin is a fair coin and is equally likely to land on heads or tails. • If the card is a face card, and the coin lands on Heads, you win $6 • If the card is a face card, and the coin lands on Tails, you win $2 • If the card is not a face card, you lose $2, no matter...
A single card is drawn from a standard 52-card deck. Let R be the event that the card drawn is a red, and let F be the event that the card drawn is a face card. Find the indicated probability P(R'OF)