Question Darryl plays a card game with his sister. He uses a 52 card deck and she chooses 1 card. If she chooses the 4 of hearts, she will win $10 and if she chooses any spade, she loses $2. If any other card is drawn, they break even. What is the expected value for Darryl's sister? Round to the nearest cent. Do not round until your final calculation. Note: within a deck of cards, there are 4 equal suits: hearts, clubs, diamonds, and spades.
Question Darryl plays a card game with his sister. He uses a 52 card deck and she chooses 1 card. If she chooses the 4 of hearts, she will win $10 and if she chooses any spade, she loses $2. If any other card is drawn, they break even. What is the expected value for Darryl's sister? Round to the nearest cent. Do not round until your final calculation. Note: within a deck of cards, there are 4 equal suits: hearts, clubs, diamonds, and spades.
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...
Related questions
Question

Transcribed Image Text:Question
Darryl plays a card game with his sister. He uses a 52 card deck and she chooses 1 card. If she chooses the 4 of hearts, she
will win $10 and if she chooses any spade, she loses $2. If any other card is drawn, they break even. What is the expected
value for Darryl's sister?
Round to the nearest cent. Do not round until your final calculation.
Note: within a deck of cards, there are 4 equal suits: hearts, clubs, diamonds, and spades.
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images

Recommended textbooks for you

A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON


A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
