Tom and John play the following game: Tom picks a card from a standard deck of cards. If he selected a club, John gives him $ 12. If not, then Tom gives John $4. Find Tom’s expectation. Round your answer to two decimal places (to the nearest cent)

Tom and John play the following game: Tom picks a card from a standard deck of cards. If he selected a club, John gives him $ 12. If not, then Tom gives John $4. Find Tom’s expectation. Round your answer to two decimal places (to the nearest cent)

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

Tom and John play the following game: Tom picks a card from a standard deck of cards. If he selected a club, John gives him $ 12. If not, then Tom gives John $4.
Find Tom’s expectation.
Round your answer to two decimal places (to the nearest cent)

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