In a new card game, you start by paying $40.6. From a well-shuffled full deck of cards draw3 cards without replacement. If you draw 3 hearts, you win $146. If you draw 3 black cards,you win $186.83. For any other draws, you win nothing. What is your expected winnings inthis game? Round your answer to five decimal places.

From the provided information,Game cost = $40.6If we draw 3 heart, we win $146.If we draw 3 black…

Answered: In a new card game, you start by paying…

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...

See similar textbooks

Similar questions

The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 500 tickets. There is one $2,000 grand prize, three $200 second prizes, and fourteen $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
How much must you bet on a four-number square to win at least $600? (Bets must be in $1 increments.)$
Suppose that you and a friend are playing cards and decide to make a bet. If your friend draws two red cards in succession from a standard deck of 52 cards without replacing the first card, you give him $50. Otherwise, he pays you $20. If the same bet was made 15 times, how much would you expect to win or lose? Round your answer to the nearest cent, if necessary. Answer O Win ⒸLose Keypad Keyboard Shortcuts
1 30% of $40 is $
You are playing a card game. If you pull an Ace you win $71, if you pull the King of hearts you win $101, if you pull a jack or a queen you win $37, all other pulls you lose. What price should you be charged to make this a fair game? Round your answer to the nearest hundredth.
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $8 each and will sell 800 tickets. There is one $2,000 grand prize, two $500 second prizes, and eleven $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
Six friends play poker, each starting with $5. All bets are in multiples of $0.10. How many ways are possible for the redistribution of the $30 after the night of poker?
week MONDAY 5 A coffee shop has a loyalty program where you get a $1 coupon for every 3 large drinks you purchase. What is the least number of large drinks you could by to get $7 in coupons?
Raiza. Florence and Jeene are teenagers. The product of their ages, in years, is 4590. None of them are the same age. What are their ages?
Find the quotient of A if 1. 2 and B- %3D B 4
Suppose that you and a friend are playing cards and decide to make a bet. If your friend draws three twos in succession from a standard deck of 52 cards without replacement, you give him $100. Otherwise, he pays you $10. If the same bet was made 25 times, how much would you expect to win or lose? Round your answer to the nearest cent, if necessary. Answer Кeypad Keyboard Shortcuts O Win O Lose %24
Your friend makes up a game to play over Zoom during the shelter in place, and asks if you would like to play. The rules are: You win $8 if you roll a 6. You win $4 if you roll a 4 or 5 Otherwise, you have to pay $10. a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. The first value is filled in for you. Round to 4 decimal places where appropriate. Probability Distribution Table X P(X) -10 b. Find the expected profit. $ (Round to the nearest cent)c. Interpret the expected value. You will win this much if you play a game. This is the most likely amount of money you will win. If you play many games, on average, you will likely win, or lose if negative, close to this amount.

Recommended textbooks for you

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

SEE MORE TEXTBOOKS