Deshaun has a deck of 10 cards numbered 1 through 10. He is playing a game of chance. This game is this: Deshaun chooses one card from the deck at random. He wins an amount of money equal to the value of the card if an odd numbered card is drawn. He loses $3.40 if an even numbered card is drawn. (a) Find the expected value of playing the game. dollars (b) What can Deshaun expect in the long run, after playing the game many times? (He replaces the card in the deck each time.) O Deshaun can expect to gain money. He can expect to win dollars per draw. O Deshaun can expect to lose money. He can expect to lose dollars per draw. O Deshaun can expect to break even (neither gain nor lose money). S

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Deshaun has a deck of 10 cards numbered 1 through 10. He is playing a game of
chance.
This game is this: Deshaun chooses one card from the deck at random. He
wins an amount of money equal to the value of the card if an odd numbered
card is drawn. He loses $3.40 if an even numbered card is drawn.
(a) Find the expected value of playing the game.
dollars
(b) What can Deshaun expect in the long run, after playing the game many times?
(He replaces the card in the deck each time.)
O Deshaun can expect to gain money.
He can expect to win dollars per draw.
O Deshaun can expect to lose money.
He can expect to lose
dollars per draw.
O Deshaun can expect to break even (neither gain nor lose money).
S
Transcribed Image Text:Deshaun has a deck of 10 cards numbered 1 through 10. He is playing a game of chance. This game is this: Deshaun chooses one card from the deck at random. He wins an amount of money equal to the value of the card if an odd numbered card is drawn. He loses $3.40 if an even numbered card is drawn. (a) Find the expected value of playing the game. dollars (b) What can Deshaun expect in the long run, after playing the game many times? (He replaces the card in the deck each time.) O Deshaun can expect to gain money. He can expect to win dollars per draw. O Deshaun can expect to lose money. He can expect to lose dollars per draw. O Deshaun can expect to break even (neither gain nor lose money). S
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