A game is played using a standard 52-card deck. The player pays $4.00 to play and gets to pick one card at random from the deck. If the player picks an ace, they win $13.00. If they pick a face card, they win $7.00. If the player picks a numbered card, they win $3.00. What is the expected value of the game? The game's expected value is?

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...
icon
Related questions
Question
Practice Pack

A game is played using a standard 52-card deck. The player pays $4.00 to play and gets to pick one card at random from the deck. If the player picks an ace, they win $13.00. If they pick a face card, they win $7.00. If the player picks a numbered card, they win $3.00.

What is the expected value of the game?

The game's expected value is?

 

Expert Solution
trending now

Trending now

This is a popular solution!

video

Learn your way

Includes step-by-step video

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON