Suppose that you and a friend are playing cards and decide to make a bet. If you draw two face cards, where a face card is a Jack, a Queen,or a King, in succession from a standard deck of 52 cards without replacing the first card, you win $40. Otherwise, you pay your friend $10.If the same bet was made 25 times, how much would you expect to win or lose? Round your answer to the nearest cent, if necessary.AnswerE KeypadKeyboard ShortcutsO WinO Lose

Answered: Image /qna-images/answer/87b978d1-b7db-4605-b7b7-6c14b9e6889b.jpg

Answered: Suppose that you and a friend are…

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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Similar questions

You roll a six-sided die 60 times and got the following tally: 20 ones, 20 twos, 15 threes, 3 fours, 2 fives, 0 sixes Does this seem like a reasonable result? What inference might you draw from this result?
In American roulette, the wheel contains the numbers 11 through 3636, alternating between black and red. There are two green spaces numbered 00 and 0000. A player places a bet of $0.50$⁢0.50 on red to play the game. If the ball lands on red, the player gets a $0.50$⁢0.50 for winning and receives the money back. If the ball does not land on red, then the player simply loses the $0.50$⁢0.50 placed on the bet. If the player places the same bet on red 99 times, what is the player’s expected winnings? Round your answer to the nearest cent.
Catalina participates in a game that consists of spinning a roulette with 6 segments of the same size numbered from 1 to 6. The roulette randomly stops at a numbered segment.This is the game: Catalina spins the wheel only once. She wins $ 1 if the wheel stops at number 1, $ 3 if the wheel stops at number 2, $ 5 if the wheel stops at number 3, and $ 7 if the wheel stops at number 4. She loses $ 1.25 if roulette stops at 5 or 6. (a) Calculate the expected value of participating in the game.____ pesos b) What can Catalina expect in the long run after playing several times?1) Catalina can expect to earn money.She can expect to earn ___ pesos per spin of the roulette wheel. 2) Catalina can expect to lose money.She can expect to lose ___ pesos per spin of the roulette wheel. 3) Catalina can expect to draw (she neither wins nor loses money)
A technology store holds a contest to attract shoppers. works: An ace and four other cards are shuffled and placed face down on a table. The customer gets to turn over cards one at a time, looking for the ace. The person wins $100 of store credit if the ace is the first card, $50 if it is the second card, and $20, $10, or $5 if it is the third, fourth, or last card chosen. What is the average dollar amount of store credit given away in the contest? Estimate with a simulation of 10 trials. Once an hour, someone at checkout is chosen at random to play in the contest Here's how it 67819 00354 91439 91073 49258 15992 41277 75111 67496 68430 09875 08990 27656 15871 23637 00952 97818 64234 50199 05715
A raffle is going to be held in which the winner will get $200. If 1000 tickets are to be sold, what is the fair price for a ticket?
Imagine that Alina’s shower leaks and she calls the plumber. The plumber tells her that the problem is caused by either a leaky drain or a cracked shower pan, but never both. He also tells her that, in his experience, a leaky drain is the cause of the problem in about 90%90% of cases. If he discovers that the drain is the problem, he can fix it for $250$250. If he discovers that the shower pan is the problem, he must charge $2500$2500 instead. What is the expected value of the repair price? Please round your answer to the nearest whole dollar.
Six friends play poker, each starting with $5. All bets are in multiples of $0.10. How many ways are possible for the redistribution of the $30 after the night of poker?
You need to borrow money for gas, so you ask your mother and your sister. You can only borrow money from one of them. Before giving you money, they each say they will make you play a game. Your sister says she wants you to flip a fair coin. She will give you $8$ for heads and $⁢22 for tails. Your mother says she wants you to roll a six-sided die. She will give you $4$ times the number that appears on the die. Determine the expected value of each game and decide which offer you should take.
during a month a person deposits $500
Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $15. If you roll a 4 or 5, you win $5. Otherwise, you pay $9.
An auction was held today at which 4 rare stamps were sold. Prices ranged from $40 to $55, at $5 increments. Determine the price and order of each auction lot, as well as the name of each winning bidder. One bidder's name was Aidan. 1. The stamp that was auctioned fourth was either the one won by Bo or the one that sold for $45. 2. The stamp won by Candi was either the one that was auctioned first or the one that sold for $50. 3. The stamp won by Devin sold for somewhat less than the stamp that was auctioned first. 4. The stamp that was auctioned first sold for 10 dollars less than the stamp that was auctioned second.

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