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A carnival game is played as follows: A card is drawn from a standard deck. If the card drawn is a red 7, the player wins $25. If the card drawn is a Red Ace, the player wins S1. If the card drawn is Black, the player loses $2. If none of these occur, the card is put back in the deck and the game is played again. The cards are shuffled prior to cach play, and cach play is from a complete 52-card deck. None of these Event Red 7 Red Ace Black Card Value of Event P(event) 12. Recall that Expectation is given by: E(x) = e, P(e,)+e,P(e,)+e,P(e,)+.. where e, is the value of event 1 and P(e,) is the probability of event 1, determine the expected value of this game. You also have the option of using the expectation/probability/percentage table from Excel. a. 15 b. 0 e. 15 d. 50 e. 50 Should you play this game? a. No, you will lose money, on average, cach time you play. b. Yes, you will win money, on average, cach time you play. c. It doesn't really matter, you will win as much as you lose in the long run.

A carnival game is played as follows: A card is drawn from a standard deck. If the card drawn is a red 7, the player wins $25. If the card drawn is a Red Ace, the player wins S1. If the card drawn is Black, the player loses $2. If none of these occur, the card is put back in the deck and the game is played again. The cards are shuffled prior to cach play, and cach play is from a complete 52-card deck. None of these Event Red 7 Red Ace Black Card Value of Event P(event) 12. Recall that Expectation is given by: E(x) = e, P(e,)+e,P(e,)+e,P(e,)+.. where e, is the value of event 1 and P(e,) is the probability of event 1, determine the expected value of this game. You also have the option of using the expectation/probability/percentage table from Excel. a. 15 b. 0 e. 15 d. 50 e. 50 Should you play this game? a. No, you will lose money, on average, cach time you play. b. Yes, you will win money, on average, cach time you play. c. It doesn't really matter, you will win as much as you lose in the long run.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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please answer both parts to number 12

A carnival game is played as follows: A card is drawn from a standard deck. If the card drawn is a red 7, the player wins $25. If the card drawn is a Red Ace, the player wins $1. If the card drawn is Black, the player loses $2. If none of these occur, the card is put back in the deck and the game is played again. The cards are shuffled prior to each play, and cach play is from a complete 52-curd deck. None of Event Red 7 Red Ace Black Card these Value of Event P(event) 12. Recall that Expectation is given by: E(x) = e, P(e,)+e,P(e,)+e,P(e,)+.. where e, is the value of event 1 and P(e,) is the probability of event 1, determine the expected value of this game. You also have the option of using the expectation/probability/percentage table from Excel. a. 15 b. 0 c. 15 d. 50 e. 50 Should you play this game? a. No, you will lose money, on average, cach time you play. b. Yes, you will win money, on average, cach time you play. c. It doesn't really matter; you will win as much as you lose in the long run.
Transcribed Image Text:A carnival game is played as follows: A card is drawn from a standard deck. If the card drawn is a red 7, the player wins $25. If the card drawn is a Red Ace, the player wins $1. If the card drawn is Black, the player loses $2. If none of these occur, the card is put back in the deck and the game is played again. The cards are shuffled prior to each play, and cach play is from a complete 52-curd deck. None of Event Red 7 Red Ace Black Card these Value of Event P(event) 12. Recall that Expectation is given by: E(x) = e, P(e,)+e,P(e,)+e,P(e,)+.. where e, is the value of event 1 and P(e,) is the probability of event 1, determine the expected value of this game. You also have the option of using the expectation/probability/percentage table from Excel. a. 15 b. 0 c. 15 d. 50 e. 50 Should you play this game? a. No, you will lose money, on average, cach time you play. b. Yes, you will win money, on average, cach time you play. c. It doesn't really matter; you will win as much as you lose in the long run.
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