QUESTION 10. A casino offers a game that it calls "five in a row". The rules of the game are simple: Pick the deck. If you pick 5 in a row of the color you chose, you win. Otherwise, you lose. a color, either red or black. Take a well-shuffled ordinary deck of 52 cards and pick 5 cards anywhere in You have to pay $10 for the chance to play this game, and you get $360 if you win. A standard deck has 26 red cards and 26 black cards. Calculate the expected value of playing this game in the casino. In other words, for each $10 that you spend in order to play this game, how much money should you expect to win back?

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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QUESTION 10. A casino offers a game that it calls "five in a row". The rules of the game are simple: Pick
a color, either red or black. Take a well-shuffled ordinary deck of 52 cards and pick 5 cards anywhere in
the deck. If you pick 5 in a row of the color you chose, you win. Otherwise, you lose.
You have to pay $10 for the chance to play this game, and you get $360 if you win.
A standard deck has 26 red cards and 26 black cards.
Calculate the expected value of playing this game in the casino. In other words, for each $10 that you
spend in order to play this game, how much money should you expect to win back?
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og in
Colomal aw drabute sib yillidsdorg sdt belle
betov trebutz & Jerit nevid d
sicbibnso trons not bistov to sisM zew Insbute 6383 lidsdong and brid
bns eloy Jo
doig ar zi 15/W b
29110g016
HAS
Transcribed Image Text:QUESTION 10. A casino offers a game that it calls "five in a row". The rules of the game are simple: Pick a color, either red or black. Take a well-shuffled ordinary deck of 52 cards and pick 5 cards anywhere in the deck. If you pick 5 in a row of the color you chose, you win. Otherwise, you lose. You have to pay $10 for the chance to play this game, and you get $360 if you win. A standard deck has 26 red cards and 26 black cards. Calculate the expected value of playing this game in the casino. In other words, for each $10 that you spend in order to play this game, how much money should you expect to win back? Insbuie sdorli yilidad og in Colomal aw drabute sib yillidsdorg sdt belle betov trebutz & Jerit nevid d sicbibnso trons not bistov to sisM zew Insbute 6383 lidsdong and brid bns eloy Jo doig ar zi 15/W b 29110g016 HAS
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