In a game of chance, a card is drawn from a standard 52-card deck. If the card is the Ace of Hearts, you win $1000. If the card is any other Heart or any other Ace, you win $100. What is the probability of winning any amount on a single play? Round to four decimals. Answer: Suppose you play this game three times in a row. The card is replaced and the deck is re-shuffled between each game. What is the probability of winning any amount on at least one of these plays? Round to four decimals. Answer: Calculate the expected value of your winnings if you play this game once. Round to the nearest cent. Answer: $ In a different game, you are dealt a four-card hand from a standard 52-card deck (without replacement). If you get all four Aces, you win $10,000,000 (i.e. ten million dollars!!). Otherwise, you win nothing. Calculate the expected value of your winnings if you play this game once. Round to the nearest cent. Answer: $

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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In a game of chance, a card is drawn from a standard 52-card deck.
If the card is the Ace of Hearts, you win $1000. If the card is any other Heart or any other Ace, you win $100.
What is the probability of winning any amount on a single play? Round to four decimals.
Answer:
Suppose you play this game three times in a row. The card is replaced and the deck is re-shuffled between each game. What is the probability of winning any
amount on at least one of these plays? Round to four decimals.
Answer:
Calculate the expected value of your winnings if you play this game once. Round to the nearest cent.
Answer: $
In a different game, you are dealt a four-card hand from a standard 52-card deck (without replacement). If you get all four Aces, you win $10,000,000 (i.e. ten
million dollars!!). Otherwise, you win nothing.
Calculate the expected value of your winnings if you play this game once. Round to the nearest cent.
Answer: $
Transcribed Image Text:In a game of chance, a card is drawn from a standard 52-card deck. If the card is the Ace of Hearts, you win $1000. If the card is any other Heart or any other Ace, you win $100. What is the probability of winning any amount on a single play? Round to four decimals. Answer: Suppose you play this game three times in a row. The card is replaced and the deck is re-shuffled between each game. What is the probability of winning any amount on at least one of these plays? Round to four decimals. Answer: Calculate the expected value of your winnings if you play this game once. Round to the nearest cent. Answer: $ In a different game, you are dealt a four-card hand from a standard 52-card deck (without replacement). If you get all four Aces, you win $10,000,000 (i.e. ten million dollars!!). Otherwise, you win nothing. Calculate the expected value of your winnings if you play this game once. Round to the nearest cent. Answer: $
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