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A game is played by drawing one card at random from a standard 52-card deck. If the card is a diamond, the player wins. If the card is not a diamond, the player loses $82. In order for this to be a fair game, when the player wins, how much should they win? Round your answer to the nearest cent, but do not include a $ sign or the word "dollars" with your response.

A game is played by drawing one card at random from a standard 52-card deck. If the card is a diamond, the player wins. If the card is not a diamond, the player loses $82. In order for this to be a fair game, when the player wins, how much should they win? Round your answer to the nearest cent, but do not include a $ sign or the word "dollars" with your response.

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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DEALER, 52 CARD DECK QUESTION HELP!
Question 4 A game is played by drawing one card at random from a standard 52-card deck. If the card is a diamond, the player wins. If the card is not a diamond, the player loses $82. In order for this to be a fair game, when the player wins, how much should they win? Round your answer to the nearest cent, but do not include a $ sign or the word "dollars" with your response. Question 5 A man has a 0.171% chance of passing away during the next year. On insurance company charges $430 for a life insurance policy that pays a $140,000 death benefit.
Transcribed Image Text:Question 4 A game is played by drawing one card at random from a standard 52-card deck. If the card is a diamond, the player wins. If the card is not a diamond, the player loses $82. In order for this to be a fair game, when the player wins, how much should they win? Round your answer to the nearest cent, but do not include a $ sign or the word "dollars" with your response. Question 5 A man has a 0.171% chance of passing away during the next year. On insurance company charges $430 for a life insurance policy that pays a $140,000 death benefit.
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