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
6. 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.
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)...
1.A fair six-sided die is rolled. {1, 2, 3, 4, 5, 6} Let event A = the outcome is greater than 4. Let event B = the outcome is an even number. Find P(A|B). A.0 B.1/3 C.2/3 C.3/3 2.A student stays at home. Let event N = the student watches Netflix. Let event Y = the student watches the very educational youtube videos made by her/his instructor.Suppose P(N) = 0.1, P(Y) = 0.8, and P(N and Y) = 0. Are N and...
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 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
The following question involves a standard deck of 52 playing cards. In such a deck of cards there are four suits of 13 cards each. The four suits are: hearts, diamonds, clubs, and spades. The 26 cards included in hearts and diamonds are red. The 26 cards included in clubs and spades are black. The 13 cards in each suit are: 2, 3, 4, 5, 6, 7, 8, 9, 10, Jack, Queen, King, and Ace. This means there are four...
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...
In a gambling game a person draws a single card from an ordinary 52 card playing deck. A person is paid $15 for drawing a jack or a queen and $5 for drawing a king or an ace. A person who draws any other card pays $4. If a person plays this game, what is the expected gain?
2. Using a standard 52-card deck, what is the probability of drawing an ace card, replacing the card and then drawing a king card? 3. For a normal distribution with a mean of μ = 60 and a standard deviation of σ = 12, find each probability value requested. Show your work in order to receive credit. a. P(X > 66) b. P(X < 75) c. P(X < 57) 4. How does sample size influence the...
Consider a standard deck of 52 playing cards, a randomly selected card from the deck, and the following events: R = red, B = black, A = ace, N = nine, D = diamond, and C = club. Are A and N mutually exclusive? Yes, mutually exclusive. No, not mutually exclusive.