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A card is drawn from a standard 52-card deck. If the card is a king, you win $40; otherwise, you lose $5. 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 $40; otherwise, you lose $5. What is the expected value of the game?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A card is drawn from a standard 52-card deck. If the card is a king, you win $40; otherwise, you lose $5. What is the expected value of the game? Let X be the random variable for the amount won on a single play of this game. E(X)= dollars (Type an integer or a decimal rounded to the nearest cent as needed.)
Transcribed Image Text:A card is drawn from a standard 52-card deck. If the card is a king, you win $40; otherwise, you lose $5. What is the expected value of the game? Let X be the random variable for the amount won on a single play of this game. E(X)= dollars (Type an integer or a decimal rounded to the nearest cent as needed.)
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