To determine: The prize for drawing the ace of diamonds.

The prize for drawing the ace of diamonds is $75.

Given information:

The game is considered as a fair game when the expected value is 0.

Pay the $5 for draw a card from a deck.

If it’s black, you lose.

If it’s a heart, you win your $5 back.

If it’s any diamond except the ace, you win $10.

Formula used:

PX=ES ...... (1)

Here, E is the favourable outcomes and S is the total possible outcomes.

Calculation:

A standard deck of cards contains 52 cards, of which 26 are red and 26 are black, 13 are of each suit (hearts, diamonds, spade, clubs) and out of which 4 are of each denomination (A, 2 to 10, J, Q, K).

The face cards are the jacks J, queens Q and kings K.

When a black card is drawn, then lose the $5 that draw a card 26 of the 52 cards in the deck of cards are black.

Substitute 26 for E , 52 for S and - $5 for X in equation (1),

P(−$5)=2652

When a heart is drawn, then win our $5 back and thus a payoff of $5-$5 = $0.

13 of the 52 cards in the deck of cards are hearts.

Substitute 13 for E , 52 for S and $0 for X in equation (1),

P($0)=1352

When a diamond is drawn that is not the ace of diamonds, then win $10 while already paid $5 to draw a card and thus, a payoff of $10-$5 = $5.

12 of the 52 cards in the deck of cards are diamonds but not the ace of diamonds.

Substitute 12 for E , 52 for S and $5 for X in equation (1),

P($5)=1252

Let the prize of drawing the ace of diamonds be $x .

It costs $5 to draw a card, we would then have a payoff of $x−$5=$x−5 .

1 of the 52 cards in the deck of cards is the ace of diamonds.

Substitute 1 for E , 52 for S and $x−5 for X in equation (1),

P($(x−5))=152

Now,

The expected value (or mean) is the sum of the product of each possibility x with its probability P(x):

μ=∑xP(x) ...... (2)

Substitute −$5 and 2652 for x and P( x ), $0 and 1352 for x and P( x ), $5 and 1252 for x and P( x ) and $x−5 and 152 for x and P( x ) in equation (2) respectively,

μ=(−5)×2652+0×1352+5×1252+(x−5)×152=x−7552

For the fair game, the expected value should be 0.

x−7552=0x−75=0x=75

Thus, the prize for drawing the ace of diamonds is $75.

Chapter 10.4, Problem 14E

Chapter 10.4, Problem 16E

Chapter 10 Solutions

PRECALCULUS:GRAPHICAL,...-NASTA ED.

Ch. 10.1 - Prob. 1QR Ch. 10.1 - Prob. 2QR Ch. 10.1 - Prob. 3QR Ch. 10.1 - Prob. 4QR Ch. 10.1 - Prob. 5QR Ch. 10.1 - Prob. 6QR Ch. 10.1 - Prob. 7QR Ch. 10.1 - Prob. 8QR Ch. 10.1 - Prob. 9QR Ch. 10.1 - Prob. 10QR

Ch. 10.1 - Prob. 1E Ch. 10.1 - Prob. 2E Ch. 10.1 - Prob. 3E Ch. 10.1 - Prob. 4E Ch. 10.1 - Prob. 5E Ch. 10.1 - Prob. 6E Ch. 10.1 - Prob. 7E Ch. 10.1 - Prob. 8E Ch. 10.1 - Prob. 9E Ch. 10.1 - Prob. 10E Ch. 10.1 - Prob. 11E Ch. 10.1 - Prob. 12E Ch. 10.1 - Prob. 13E Ch. 10.1 - Prob. 14E Ch. 10.1 - Prob. 15E Ch. 10.1 - Prob. 16E Ch. 10.1 - Prob. 17E Ch. 10.1 - Prob. 18E Ch. 10.1 - Prob. 19E Ch. 10.1 - Prob. 20E Ch. 10.1 - Prob. 21E Ch. 10.1 - Prob. 22E Ch. 10.1 - Prob. 23E Ch. 10.1 - Prob. 24E Ch. 10.1 - Prob. 25E Ch. 10.1 - Prob. 26E Ch. 10.1 - Prob. 27E Ch. 10.1 - Prob. 28E Ch. 10.1 - Prob. 29E Ch. 10.1 - Prob. 30E Ch. 10.1 - Prob. 31E Ch. 10.1 - Prob. 32E Ch. 10.1 - Prob. 33E Ch. 10.1 - Prob. 34E Ch. 10.1 - Prob. 35E Ch. 10.1 - Prob. 36E Ch. 10.1 - Prob. 37E Ch. 10.1 - Prob. 38E Ch. 10.1 - Prob. 39E Ch. 10.1 - Prob. 40E Ch. 10.1 - Prob. 41E Ch. 10.1 - Prob. 42E Ch. 10.1 - Prob. 43E Ch. 10.1 - Prob. 44E Ch. 10.1 - Prob. 45E Ch. 10.1 - Prob. 46E Ch. 10.1 - Prob. 47E Ch. 10.1 - Prob. 48E Ch. 10.1 - Prob. 49E Ch. 10.1 - Prob. 50E Ch. 10.1 - Prob. 51E Ch. 10.1 - Prob. 52E Ch. 10.1 - Prob. 53E Ch. 10.1 - Prob. 54E Ch. 10.1 - Prob. 55E Ch. 10.1 - Prob. 56E Ch. 10.1 - Prob. 57E Ch. 10.1 - Prob. 58E Ch. 10.1 - Prob. 59E Ch. 10.1 - Prob. 60E Ch. 10.1 - Prob. 61E Ch. 10.1 - Prob. 62E Ch. 10.2 - Prob. 1QR Ch. 10.2 - Prob. 2QR Ch. 10.2 - Prob. 3QR Ch. 10.2 - Prob. 4QR Ch. 10.2 - Prob. 5QR Ch. 10.2 - Prob. 6QR Ch. 10.2 - Prob. 7QR Ch. 10.2 - Prob. 8QR Ch. 10.2 - Prob. 9QR Ch. 10.2 - Prob. 10QR Ch. 10.2 - Prob. 1E Ch. 10.2 - Prob. 2E Ch. 10.2 - Prob. 3E Ch. 10.2 - Prob. 4E Ch. 10.2 - Prob. 5E Ch. 10.2 - Prob. 6E Ch. 10.2 - Prob. 7E Ch. 10.2 - Prob. 8E Ch. 10.2 - Prob. 9E Ch. 10.2 - Prob. 10E Ch. 10.2 - Prob. 11E Ch. 10.2 - Prob. 12E Ch. 10.2 - Prob. 13E Ch. 10.2 - Prob. 14E Ch. 10.2 - Prob. 15E Ch. 10.2 - Prob. 16E Ch. 10.2 - Prob. 17E Ch. 10.2 - Prob. 18E Ch. 10.2 - Prob. 19E Ch. 10.2 - Prob. 20E Ch. 10.2 - Prob. 21E Ch. 10.2 - Prob. 22E Ch. 10.2 - Prob. 23E Ch. 10.2 - Prob. 24E Ch. 10.2 - Prob. 25E Ch. 10.2 - Prob. 26E Ch. 10.2 - Prob. 27E Ch. 10.2 - Prob. 28E Ch. 10.2 - Prob. 29E Ch. 10.2 - Prob. 30E Ch. 10.2 - Prob. 31E Ch. 10.2 - Prob. 32E Ch. 10.2 - Prob. 33E Ch. 10.2 - Prob. 34E Ch. 10.2 - Prob. 35E Ch. 10.2 - Prob. 36E Ch. 10.2 - Prob. 37E Ch. 10.2 - Prob. 38E Ch. 10.2 - Prob. 39E Ch. 10.2 - Prob. 40E Ch. 10.2 - Prob. 41E Ch. 10.2 - Prob. 42E Ch. 10.2 - Prob. 43E Ch. 10.2 - Prob. 44E Ch. 10.2 - Prob. 45E Ch. 10.2 - Prob. 46E Ch. 10.2 - Prob. 47E Ch. 10.2 - Prob. 48E Ch. 10.3 - Prob. 1QR Ch. 10.3 - Prob. 2QR Ch. 10.3 - Prob. 3QR Ch. 10.3 - Prob. 4QR Ch. 10.3 - Prob. 5QR Ch. 10.3 - Prob. 6QR Ch. 10.3 - Prob. 7QR Ch. 10.3 - Prob. 8QR Ch. 10.3 - Prob. 9QR Ch. 10.3 - Prob. 10QR Ch. 10.3 - Prob. 1E Ch. 10.3 - Prob. 2E Ch. 10.3 - Prob. 3E Ch. 10.3 - Prob. 4E Ch. 10.3 - Prob. 5E Ch. 10.3 - Prob. 6E Ch. 10.3 - Prob. 7E Ch. 10.3 - Prob. 8E Ch. 10.3 - Prob. 9E Ch. 10.3 - Prob. 10E Ch. 10.3 - Prob. 11E Ch. 10.3 - Prob. 12E Ch. 10.3 - Prob. 13E Ch. 10.3 - Prob. 14E Ch. 10.3 - Prob. 15E Ch. 10.3 - Prob. 16E Ch. 10.3 - Prob. 17E Ch. 10.3 - Prob. 18E Ch. 10.3 - Prob. 19E Ch. 10.3 - Prob. 20E Ch. 10.3 - Prob. 21E Ch. 10.3 - Prob. 22E Ch. 10.3 - Prob. 23E Ch. 10.3 - Prob. 24E Ch. 10.3 - Prob. 25E Ch. 10.3 - Prob. 26E Ch. 10.3 - Prob. 27E Ch. 10.3 - Prob. 28E Ch. 10.3 - Prob. 29E Ch. 10.3 - Prob. 30E Ch. 10.3 - Prob. 31E Ch. 10.3 - Prob. 32E Ch. 10.3 - Prob. 33E Ch. 10.3 - Prob. 34E Ch. 10.3 - Prob. 35E Ch. 10.3 - Prob. 36E Ch. 10.3 - Prob. 37E Ch. 10.3 - Prob. 38E Ch. 10.3 - Prob. 39E Ch. 10.3 - Prob. 40E Ch. 10.3 - Prob. 41E Ch. 10.3 - Prob. 42E Ch. 10.3 - Prob. 43E Ch. 10.3 - Prob. 44E Ch. 10.3 - Prob. 45E Ch. 10.3 - Prob. 46E Ch. 10.3 - Prob. 47E Ch. 10.3 - Prob. 48E Ch. 10.3 - Prob. 49E Ch. 10.3 - Prob. 50E Ch. 10.3 - Prob. 51E Ch. 10.3 - Prob. 52E Ch. 10.3 - Prob. 53E Ch. 10.3 - Prob. 54E Ch. 10.3 - Prob. 55E Ch. 10.3 - Prob. 56E Ch. 10.3 - Prob. 57E Ch. 10.3 - Prob. 58E Ch. 10.3 - Prob. 59E Ch. 10.3 - Prob. 60E Ch. 10.4 - Prob. 1QR Ch. 10.4 - Prob. 2QR Ch. 10.4 - Prob. 3QR Ch. 10.4 - Prob. 4QR Ch. 10.4 - Prob. 5QR Ch. 10.4 - Prob. 6QR Ch. 10.4 - Prob. 7QR Ch. 10.4 - Prob. 8QR Ch. 10.4 - Prob. 9QR Ch. 10.4 - Prob. 10QR Ch. 10.4 - Prob. 1E Ch. 10.4 - Prob. 2E Ch. 10.4 - Prob. 3E Ch. 10.4 - Prob. 4E Ch. 10.4 - Prob. 5E Ch. 10.4 - Prob. 6E Ch. 10.4 - Prob. 7E Ch. 10.4 - Prob. 8E Ch. 10.4 - Prob. 9E Ch. 10.4 - Prob. 10E Ch. 10.4 - Prob. 11E Ch. 10.4 - Prob. 12E Ch. 10.4 - Prob. 13E Ch. 10.4 - Prob. 14E Ch. 10.4 - Prob. 15E Ch. 10.4 - Prob. 16E Ch. 10.4 - Prob. 17E Ch. 10.4 - Prob. 18E Ch. 10.4 - Prob. 19E Ch. 10.4 - Prob. 20E Ch. 10.4 - Prob. 21E Ch. 10.4 - Prob. 22E Ch. 10.4 - Prob. 23E Ch. 10.4 - Prob. 24E Ch. 10.4 - Prob. 25E Ch. 10.4 - Prob. 26E Ch. 10.4 - Prob. 27E Ch. 10.4 - Prob. 28E Ch. 10.4 - Prob. 29E Ch. 10.4 - Prob. 30E Ch. 10.4 - Prob. 31E Ch. 10.4 - Prob. 32E Ch. 10.4 - Prob. 33E Ch. 10.4 - Prob. 34E Ch. 10.4 - Prob. 35E Ch. 10.4 - Prob. 36E Ch. 10.4 - Prob. 37E Ch. 10.4 - Prob. 38E Ch. 10.4 - Prob. 39E Ch. 10.4 - Prob. 40E Ch. 10.4 - Prob. 41E Ch. 10.4 - Prob. 42E Ch. 10.4 - Prob. 43E Ch. 10.4 - Prob. 44E Ch. 10.4 - Prob. 45E Ch. 10.4 - Prob. 46E Ch. 10.4 - Prob. 47E Ch. 10.4 - Prob. 48E Ch. 10.4 - Prob. 49E Ch. 10.4 - Prob. 50E Ch. 10.4 - Prob. 51E Ch. 10.4 - Prob. 52E Ch. 10.4 - Prob. 53E Ch. 10.4 - Prob. 54E Ch. 10.4 - Prob. 55E Ch. 10.4 - Prob. 56E Ch. 10.5 - Prob. 1QR Ch. 10.5 - Prob. 2QR Ch. 10.5 - Prob. 3QR Ch. 10.5 - Prob. 4QR Ch. 10.5 - Prob. 5QR Ch. 10.5 - Prob. 6QR Ch. 10.5 - Prob. 7QR Ch. 10.5 - Prob. 8QR Ch. 10.5 - Prob. 9QR Ch. 10.5 - Prob. 10QR Ch. 10.5 - Prob. 1E Ch. 10.5 - Prob. 2E Ch. 10.5 - Prob. 3E Ch. 10.5 - Prob. 4E Ch. 10.5 - Prob. 5E Ch. 10.5 - Prob. 6E Ch. 10.5 - Prob. 7E Ch. 10.5 - Prob. 8E Ch. 10.5 - Prob. 9E Ch. 10.5 - Prob. 10E Ch. 10.5 - Prob. 11E Ch. 10.5 - Prob. 12E Ch. 10.5 - Prob. 13E Ch. 10.5 - Prob. 14E Ch. 10.5 - Prob. 15E Ch. 10.5 - Prob. 16E Ch. 10.5 - Prob. 17E Ch. 10.5 - Prob. 18E Ch. 10.5 - Prob. 19E Ch. 10.5 - Prob. 20E Ch. 10.5 - Prob. 21E Ch. 10.5 - Prob. 22E Ch. 10.5 - Prob. 23E Ch. 10.5 - Prob. 24E Ch. 10.5 - Prob. 25E Ch. 10.5 - Prob. 26E Ch. 10.5 - Prob. 27E Ch. 10.5 - Prob. 28E Ch. 10.5 - Prob. 29E Ch. 10.5 - Prob. 30E Ch. 10.5 - Prob. 31E Ch. 10.5 - Prob. 32E Ch. 10.5 - Prob. 33E Ch. 10.5 - Prob. 34E Ch. 10.5 - Prob. 35E Ch. 10.5 - Prob. 36E Ch. 10.5 - Prob. 37E Ch. 10.5 - Prob. 38E Ch. 10.5 - Prob. 39E Ch. 10.5 - Prob. 40E Ch. 10.5 - Prob. 41E Ch. 10.5 - Prob. 42E Ch. 10.5 - Prob. 43E Ch. 10.5 - Prob. 44E Ch. 10.5 - Prob. 45E Ch. 10.5 - Prob. 46E Ch. 10.5 - Prob. 47E Ch. 10.5 - Prob. 48E Ch. 10.5 - Prob. 49E Ch. 10.5 - Prob. 50E Ch. 10.5 - Prob. 51E Ch. 10.5 - Prob. 52E Ch. 10.5 - Prob. 55E Ch. 10.5 - Prob. 56E Ch. 10.5 - Prob. 59E Ch. 10.5 - Prob. 60E Ch. 10 - Prob. 1RE Ch. 10 - Prob. 2RE Ch. 10 - Prob. 3RE Ch. 10 - Prob. 4RE Ch. 10 - Prob. 5RE Ch. 10 - Prob. 6RE Ch. 10 - Prob. 7RE Ch. 10 - Prob. 8RE Ch. 10 - Prob. 9RE Ch. 10 - Prob. 10RE Ch. 10 - Prob. 11RE Ch. 10 - Prob. 12RE Ch. 10 - Prob. 13RE Ch. 10 - Prob. 14RE Ch. 10 - Prob. 15RE Ch. 10 - Prob. 16RE Ch. 10 - Prob. 17RE Ch. 10 - Prob. 18RE Ch. 10 - Prob. 19RE Ch. 10 - Prob. 20RE Ch. 10 - Prob. 21RE Ch. 10 - Prob. 22RE Ch. 10 - Prob. 23RE Ch. 10 - Prob. 24RE Ch. 10 - Prob. 25RE Ch. 10 - Prob. 26RE Ch. 10 - Prob. 27RE Ch. 10 - Prob. 28RE Ch. 10 - Prob. 29RE Ch. 10 - Prob. 30RE Ch. 10 - Prob. 31RE Ch. 10 - Prob. 32RE Ch. 10 - Prob. 33RE Ch. 10 - Prob. 34RE Ch. 10 - Prob. 35RE Ch. 10 - Prob. 36RE Ch. 10 - Prob. 37RE Ch. 10 - Prob. 38RE Ch. 10 - Prob. 39RE Ch. 10 - Prob. 40RE Ch. 10 - Prob. 41RE Ch. 10 - Prob. 42RE Ch. 10 - Prob. 43RE Ch. 10 - Prob. 44RE Ch. 10 - Prob. 45RE Ch. 10 - Prob. 46RE Ch. 10 - Prob. 47RE Ch. 10 - Prob. 48RE Ch. 10 - Prob. 49RE Ch. 10 - Prob. 50RE Ch. 10 - Prob. 51RE Ch. 10 - Prob. 52RE Ch. 10 - Prob. 53RE Ch. 10 - Prob. 54RE Ch. 10 - Prob. 55RE Ch. 10 - Prob. 56RE Ch. 10 - Prob. 57RE Ch. 10 - Prob. 58RE Ch. 10 - Prob. 59RE Ch. 10 - Prob. 60RE Ch. 10 - Prob. 61RE Ch. 10 - Prob. 62RE Ch. 10 - Prob. 63RE Ch. 10 - Prob. 64RE Ch. 10 - Prob. 65RE Ch. 10 - Prob. 66RE Ch. 10 - Prob. 67RE Ch. 10 - Prob. 68RE Ch. 10 - Prob. 69RE Ch. 10 - Prob. 70RE Ch. 10 - Prob. 71RE Ch. 10 - Prob. 72RE

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