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Salma has a deck of 10 cards numbered 1 through 10. She is playing a game of chance. This game is this: Salma 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 is drawn. She loses $3.50 if an odd numbered card is drawn. (a) Find the expected value of playing the game. dollars (b) What can Salma expect in the long run, after playing the game many times? (She replaces the card in the deck each time.) Salma can expect to gain money. She can expect to win dollars per draw. Salma can expect to lose money. She can expect to lose dollars per draw. Salma can expect to break even (neither gain nor lose money). E

Salma has a deck of 10 cards numbered 1 through 10. She is playing a game of chance. This game is this: Salma 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 is drawn. She loses $3.50 if an odd numbered card is drawn. (a) Find the expected value of playing the game. dollars (b) What can Salma expect in the long run, after playing the game many times? (She replaces the card in the deck each time.) Salma can expect to gain money. She can expect to win dollars per draw. Salma can expect to lose money. She can expect to lose dollars per draw. Salma can expect to break even (neither gain nor lose money). E

A First Course in Probability (10th Edition)
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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Salma has a deck of 10 cards numbered 1 through 10. She is playing a game of chance. This game is this: Salma 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 is drawn. She loses $3.50 if an odd numbered card is drawn. (a) Find the expected value of playing the game. dollars (b) What can Salma expect in the long run, after playing the game many times? (She replaces the card in the deck each time.) Salma can expect to gain money. She can expect to win dollars per draw. Salma can expect to lose money. She can expect to lose dollars per draw. Salma can expect to break even (neither gain nor lose money). E E
Transcribed Image Text:Salma has a deck of 10 cards numbered 1 through 10. She is playing a game of chance. This game is this: Salma 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 is drawn. She loses $3.50 if an odd numbered card is drawn. (a) Find the expected value of playing the game. dollars (b) What can Salma expect in the long run, after playing the game many times? (She replaces the card in the deck each time.) Salma can expect to gain money. She can expect to win dollars per draw. Salma can expect to lose money. She can expect to lose dollars per draw. Salma can expect to break even (neither gain nor lose money). E E
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