Raina has a deck of 10 cards numbered 1 through 10. She is playing a game of chance. This game is this: Raina chooses one card from the deck at random. She wins an amount of money equal to the value of the card if an even numbered carc drawn. She loses $3.50 if an odd numbered card is drawn. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. I dollars (b) What can Raina expect in the long run, after playing the game many times? (She replaces the card in the deck each time.) O Raina can expect to gain money. She can expect to win dollars per draw. O Raina can expect to lose money. She can expect to lose dollars per draw. O Raina 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
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Raina has a deck of 10 cards numbered 1 through 10. She is playing a game of chance.
This game is this: Raina chooses one card from the deck at random. She wins an amount of money equal to the value of the card if an even numbered card
drawn. She loses $3.50 if an odd numbered card is drawn.
(If necessary, consult a list of formulas.)
(a) Find the expected value of playing the game.
| dollars
(b) What can Raina expect in the long run, after playing the game many times?
(She replaces the card in the deck each time.)
O Raina can expect to gain money.
She can expect to win dollars per draw.
O Raina can expect to lose money.
She can expect to lose dollars per draw.
Raina can expect to break even (neither gain nor lose money).
Transcribed Image Text:Raina has a deck of 10 cards numbered 1 through 10. She is playing a game of chance. This game is this: Raina chooses one card from the deck at random. She wins an amount of money equal to the value of the card if an even numbered card drawn. She loses $3.50 if an odd numbered card is drawn. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. | dollars (b) What can Raina expect in the long run, after playing the game many times? (She replaces the card in the deck each time.) O Raina can expect to gain money. She can expect to win dollars per draw. O Raina can expect to lose money. She can expect to lose dollars per draw. Raina can expect to break even (neither gain nor lose money).
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