Juan has a deck of 10 cards numbered I through 10. He is playing a game of chance. This game is this: Juan chooses one card from the deck at random. He wins an amount of money equal to the value of the card if an even numbered card is drawn. He loses $3.50 if an odd numbered card is drawn. (a) Find the expected value of playing the game. dollars (b) What can Juan expect in the long run, after playing the game many times? (He replaces the card in the deck each time.) O Juan can expect to gain money. He can expect to win dollars per draw. Juan can expect to lose money. He can expect to lose dollars per draw. Juan can expect to break even (neither gain nor lose money).
Juan has a deck of 10 cards numbered I through 10. He is playing a game of chance. This game is this: Juan chooses one card from the deck at random. He wins an amount of money equal to the value of the card if an even numbered card is drawn. He loses $3.50 if an odd numbered card is drawn. (a) Find the expected value of playing the game. dollars (b) What can Juan expect in the long run, after playing the game many times? (He replaces the card in the deck each time.) O Juan can expect to gain money. He can expect to win dollars per draw. Juan can expect to lose money. He can expect to lose dollars per draw. Juan can expect to break even (neither gain nor lose money).
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:Juan has a deck of 10 cards numbered 1 through 10. He is playing a game of chance.
This game is this: Juan chooses one card from the deck at random. He wins an amount of money equal to the value of the card if an even numbered card is
drawn. He loses $3.50 if an odd numbered card is drawn.
(a) Find the expected value of playing the game.
dollars
(b) What can Juan expect in the long run, after playing the game many times?
(He replaces the card in the deck each time.)
Juan can expect to gain money.
He can expect to win
O Juan can expect to lose
He can expect to lose
dollars per draw.
money.
dollars per draw.
O Juan can expect to break even (neither gain nor lose money).
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