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 theseoccur, the card is put back in the deck and the game is played again. The cards are shuffled prior to each play, and cachplay is from a complete 52-curd deck.None ofEventRed 7Red Ace Black CardtheseValue ofEventP(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 1and P(e,) is the probability of event 1, determine the expected value of this game. You also have the option ofusing the expectation/probability/percentage table from Excel.a. 15b. 0c. 15d. 50e. 50Should 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.

Probability quantifies the chances of happening an event. The probability values always lie in the…

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

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

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.

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