An adventurous aardvark is a card shark and gambler. He offered to let you play in a game with him. To play you must pay him $2. If you pick a spade you win $9 what is the expected value for you if you play this game with the aardvark?

Q: Suppose that you and a friend are playing cards and decide to make a bet. If your friend draws two…

A: There are 52 cards in the standard deck of cards. There are 13 spade cards in the standard deck of…

Q: You are playing a game in which a single die is rolled. If a 2 or a 5 come up, you win $60;…

A: We will make a probability distribution of the winning values outcome 1 2 3 4 5 6…

Q: Mrs. Polka started a new game of high stakes in her classes.  In a bag she has 10 pieces of paper, 2…

A: We have given that  Total piece of paper=10 2 of them 5 bonus points , 3 of them 2 bonus points,  5…

Q: At a local fair, a raffle is being held. There were 1,067 tickets were sold for $10 each. There is…

A:

Q: Kevin is at a charity fundraiser and has a chance of receiving a gift. The odds in favor of…

A: Hello! As you have posted 2 different questions, we are answering the first question. In case you…

Q: A charity organization is holding a raffle. Each ticket costs $14. One winner will win $1500, two…

A:

Q: You are playing a card game. If you pull an Ace you win $86, if you pull the King of hearts you win…

A:

Q: You are to flip a fair coin, where probability of heads is equal to 50% (and tails is 50%). The fair…

A: Answer:- Given, The probability of head , P(H) = 50% = 0.50  The fair coin is flipped, n = 100000…

Q: I love to make copies; who doesn't? There is a 70% chance that I am the first one in the copy room.…

A: Given data: The given probability that I am the first one in the copy room is P(A)=70%=0.70. The…

Q: You are Vice President of Ticket Sales for Toronto FC. The average price of ticket is $20, and you…

A: It is given that the average price of the ticket is $20. It is expected to sell 8000 tickets on any…

Q: Todd and Tiff both train pets. Todd trains 30% of pets and Tiff trains 70% of pets. Todd’s pets are…

A: Given that P(Todd trains)=0.30 P(Tiff trains)=0.70 P(female| Todd) =0.55 P(female| Tiff) =0.65

Q: You pay $20 to enter a raffle.  The first ticket drawn wins $912, the second ticket drawn wins $481,…

A:

Q: Marleny is creating a game of chance for her family. She has 5 different colored marbles in a bag:…

A: From the provided information is  E(X)=-2*P(X=-2)+p*P(X=p)E(X)=-2*45+p*150=-85+p50=-8+pp=8

Q: What is your expcted value fora game where your probability of winning is 1/9 and your profit is 4…

A:

Q: Marlon is going to roll a six-sided die, and if he rolls a 3, he gets $10. It costs him $2 to enter…

A: Random variables are of 2 types, discrete and continuous. A discrete random variable can only take…

Q: you are playing a game in which a single die is rolled. if a 2 or a 5 comes up, you win $24,…

A: The objective of this question is to find the price that you should pay to play the game that would…

Q: Emily has $10000 to invest in Apple stock. In the next month, the stock has a 30% chance of gaining…

A: Total amount for investment = $10000.The probability distribution for the provided data is:

Q: Hadey is running a game of chance to raise money for a trip to Jamaica to visit his grandparents. A…

A: Introduction: Denote p1, p2, p3, p4, p5, and p6 as the respective true proportions of obtaining the…

Q: A bag contains 9 blue marbles, 10 red marbles, 4 white marbles. If one marble is drawn from the bag…

A: Given Information: A bag contains 9 blue marbles, 10 red marbles, 4 white marbles. Total number of…

Q: You pay $20 to enter a raffle.  The first ticket drawn wins $983, the second ticket drawn wins $474,…

A: The expectation of a discrete random variable X, denoted by E(X), is defined as a measure of central…

Q: The chance of winning Florida's Pick-6 Lotto game is 1 in approximately 23 million. Suppose you buy…

A: Random variables are of 2 types, discrete and continuous. A discrete random variable can only take…

Q: In the casino a card game takes 1 dollar bets, players have a 46% chance of winning back their bets…

A:

Q: Your friend offers to place a bet with you. He will pay you$1if your favorite sports team wins the…

A: Let X be the random variable denoting the amount of money ($) you win or lose. And P(X) denotes the…

Q: You randomly select one card from a​ 52-card deck. Find the probability of selecting the king of…

A: It is known that Number of cards in a deck = 52 Number of king of diamonds = 1 Number of two of…

Q: Are the events A intersect B and the B intersect the same? Why

A:

Q: b. Suppose you have $10, and are going to play until you go broke or have $30. What is your best…

A: B)

Q: Mary is playing a game where she flips a coin with probability of head = p. She wins $1 if the coins…

A:

Q: What did the insurance company charge Charlie for this policy if the company expected to break even?

A: Here given Charlie buys a one-year term home insurance policy for $p, that will pay $200,000 in the…