please use the chart to answer numbers 5-7 A carnival game is played as follows: A card is drawn from a standard deck. If the card drawn is a 3 ofdiamonds, the player wins $23. If the card drawn is a Red Ace, the player wins $8. If the card drawn is Black,the player loses $2. If none of these occur, the card is put back in the deck and the game is played again. Thecards are shuffled prior to cach play, and each play is from a complete 52-card deck. The rules of the game areclearly posted at the booth, and you can read them prior to playing.3 ofDiamondsBlackNone ofEventRed AceCardtheseValue ofEventP(event)5. Recall that Expectation is given by: E(x)=e,P(e,) +e,P(e,)+e,P(e,)+. where e, is the value ofevent I and P(e) is the probability of event 1. Determine the expected value of this game.a. 25b. 70e. 0d. 70e. 256. What does the result in #5 mean?a. It displays the chance that you will win (or lose) the game.b. It displays the probability that the vendor will win (or lose) the game.c. It displays the likelihood you will win (or lose) the game, on average, over time.d. It displays the amount of money you will win (or lose) per game, on average, over time.e. It is a random, made-up number that means nothing.7. Should you play this game?a. No, you will lose money, on average, each time you play.b. Yes, you will win money, on average, each time you play.c. It doesn't really matter; you will win as much as you lose in the long run.d. It depends on how the game is played.e. No, because the vendor is cheating.

Here we have, Event 3 of Diamonds Red Ace Black card None of these Value of evet $23 $8 ($-2)…

Answered: please use the chart to answer numbers…

Math

Statistics

please use the chart to answer numbers 5-7

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.CR: Chapter Review

Problem 72E

See similar textbooks

Similar questions

If P(AB)=0.7, is it possible that P(BA)=0.6? Explain
Suppose that you and a friend are playing cards and decide to make a bet. If you draw three twos in succession from a standard deck of 52 cards without replacement, you win $100. Otherwise, you pay your friend $10. If the same bet was made 25 times, how much would you expect to win or lose?
A new game is being introduced at the Hard Rock Cafe. A ball is spun around a wheel until it comes to rest in one of many spots. Whatever is listed in that spot will be the player's winnings. If the wheel has 8 spots labeled $1, 16 spots labeled $2, and 1 spots labeled $10, how much should a player expect to win on average?
In the game of blackjack, a 2-card hand consisting of an ace and either a face card or a 10 is called a "blackjack." If a standard 52-card deck is used, determine how many blackjack hands can be dealt. (A "face card" is a jack, queen, or king.) blackjack hands
Many casinos have a game called the Big Six Money Wheel, which has 54 slots in which are displayed a Joker, the casino logo, and various dollar amounts, as shown in the table at the top of the next column. Players may bet on the Joker, the casino logo, or one or more dollar denominations. The wheel is spun and if the wheel stops on the same place as the player's bet, the player wins that amount for each dollar bet. Denomination Number of slots $40 (Joker) 1 $40 (Casino logo) 1 $20 2 $10 4 $5 7 $2 15 $1 24 If a player bets $4 on the $10 denomination, find the player's expectation. (Round your answer to two decimal places.)
Suppose that you and a friend are playing cards and decide to make a bet. If your friend draws two spades in succession from a standard deck of 52 cards replacing the first card, you give him $⁢50. Otherwise, he pays you $⁢10. If the same bet was made 30 times, how much would you expect to win or lose? Round your answer to the nearest cent, if necessary.
You have been asked to play a card game. A card is dealt from a complete deck offifty-two cards (no jokers). A deck has 4 aces, 4 kings, 4 queens, 4 jacks, and 36 other cards.It works like this:• If the card is a ace, you lose $4.• If the card is a king or jack, you lose $10.• If the card is a queen, you win $8.• If the card is anything else, you win $1.Find the expected value of the game. Write the excepted value rounded to the nearest cent
In a card game, there are 15 cards laid out on a table. 6 of the cards are blank, 2 of the cards are labeled $3, and the remaining cards are labeled $1. When you select a card at random, you earn what is labeled on the card. After each game, you return the card and the cards are shuffled. Suppose you play this game 10 times. How much money can you expect to gain? Round to the nearest cent. Do not round until the final answer.
Here is the setup for a non-traditional casino game: You draw a card from a well shuffled full deck and if the card is a king you win $100. The game costs $2 to play and you decide to play the game until you win the $100. Each time you draw a card you pay $2, and if the card is not a king, the card is put back in the deck, and the deck is reshuffled. How much money should you expect to spend on this game? 100 4 52 13 26
In another game at Bonehead Casino in Reno, the player draws one card from a standard deck. If it is a KK , then the player wins $100; an AA, QQ , then the player wins $35; an 88, 77, JJ, then the player wins $15; anything else, then the player loses. It costs $16 to play (for each play). Now, Melvin plays the game 1000 times, Rufus plays the game 50,000 times. Find the probability that (a) Melvin makes $100 or more. (b) Rufus makes $35,000 or more.
An urn contains 25 balls, 40% of which aregreen. A contestant reaches in the urn tochoose three balls; the contestant will win$200 if he or she selects a green ball, butwill lose $120 for any other colour. Is eachversion of the game a fair game? Justifyyour response.
shoppers. Once an hour, someone at checkout is chosenat random to play in the contest. Here’s how it works:An ace and four other cards are shuffled and placed facedown on a table. The customer gets to turn over cardsone at a time, looking for the ace. The person wins $100of store credit if the ace is the first card, $50 if it is thesecond card, and $20, $10, or $5 if it is the third, fourth,or last card chosen. What is the average dollar amountof store credit given away in the contest? Estimate with asimulation.