4. 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. a. What is the expected value of playing the game? b. Should you play the game?

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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4. 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.
a. What is the expected value of playing the game?
b. Should you play the game?
Transcribed Image Text:4. 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. a. What is the expected value of playing the game? b. Should you play the game?
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