A game is played using a standard 52-card deck. The player pays $3.00 to play and gets to pick one card at random from the deck. If the player picks an ace, they win $12.00. If they pick a face card, they win $7.00. If the player picks a numbered card, they win $1.00. What is the expected value of the game?
A game is played using a standard 52-card deck. The player pays $3.00 to play and gets to pick one card at random from the deck. If the player picks an ace, they win $12.00. If they pick a face card, they win $7.00. If the player picks a numbered card, they win $1.00. What is the expected value of the game?
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 game is played using a standard 52-card deck. The player pays $3.00 to play and gets to pick one card at random from the deck. If the player picks an ace, they win $12.00. If they pick a face card, they win $7.00. If the player picks a numbered card, they win $1.00. What is the expected value of the game?
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