Question

If you draw a card with a value of three or less from a standard deck...

If you draw a card with a value of three or less from a standard deck of cards, I will pay you $41. If not, you pay me $11 . (Aces are considered the highest card in the deck.) Step 2 of 2 : If you played this game 877 times how much would you expect to win or lose? Round your answer to two decimal places. Losses must be entered as negative.

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
If you draw a card with a value of four or less from a standard deck...
If you draw a card with a value of four or less from a standard deck of cards, I will pay you $173.  If not, you pay me $⁢48.  (Aces are considered the highest card in the deck.) Step 2 of 2 :   If you played this game 685 times how much would you expect to win or lose? Round your answer to two decimal places. Losses must be entered as negative.
If you draw a card with a value of four or less from a standard deck...
If you draw a card with a value of four or less from a standard deck of cards, I will pay you $30. If not, you pay me $12. (Aces are considered the highest card in the deck.) Step 2 of 2: If you played this game 704 times how much would you expect to win or lose? Round your answer to two decimal places. Losses must be entered as negative.
If you draw a card with a value of five or less from a standard deck...
If you draw a card with a value of five or less from a standard deck of cards, I will pay you $39. If not, you pay me $22. (Aces are considered the highest card in the deck.) Step 1 of 2: Find the expected value of the proposition. Round your answer to two decimal places. Losses must be expressed as negative values.
If you draw a card with a value of two or less from a standard deck...
If you draw a card with a value of two or less from a standard deck of cards, I will pay you $463.  If not, you pay me $?36.  (Aces are considered the highest card in the deck.) Step 1 of 2 :   Find the expected value of the proposition. Round your answer to two decimal places. Losses must be expressed as negative values.
Flip a coin 13 times. If you get 7 tails or less, I will pay you...
Flip a coin 13 times. If you get 7 tails or less, I will pay you $37. Otherwise you pay me $91. Step 2 of 2: If you played this game 968 times how much would you expect to win or lose? Round your answer to two decimal places. Losses must be entered as negative.
At a casino, there is a game where you draw a card from a standard deck...
At a casino, there is a game where you draw a card from a standard deck of 52 cards. If you get a black card, you win nothing. If you get a heart, you win $5. If you get a diamond, you win $10. There is an additional $20 bonus for the King of diamonds. a) Create a PDF for a variable X, which represents the amount of money you can win by playing this game. b) What is the...
Throw two dice. If the sum of the two dice is 7 or more, you win...
Throw two dice. If the sum of the two dice is 7 or more, you win $38. If not, you pay me $48 Step 1 of 2: Find the expected value of the proposition. Round your answer to two decimal places. Losses must be expressed as negative values. Step 2 of 2: If you played this game 685 times how much would you expect to win or lose? Round your answer to two decimal places. Losses must be entered as...
A card is drawn from a standard​ 52-card deck. If the card is a​ king, you...
A card is drawn from a standard​ 52-card deck. If the card is a​ king, you win ​$2020​; ​otherwise, you lose ​$11. What is the expected value of the​ game? Let X be the random variable for the amount won on a single play of this game.
10) You are playing a game by drawing a card from a standard deck and replacing...
10) You are playing a game by drawing a card from a standard deck and replacing it. If the card is a face card, you win $20. If it is not a face card, you pay $5. There are 12 face cards in a deck of 52 cards. What is the expected value of playing the game? a. 0.77 b. 0.87 c.  1.77 d. 2.50
Consider this simple game. Pick a card from a regular deck with 52 cards. If you...
Consider this simple game. Pick a card from a regular deck with 52 cards. If you get a heart, you will win $2, otherwise, you will lose $1. a) Play this game for one time, what is the probability that you can win. b)Play this game twice, what is the probability that you can win. c) Play this game 100 times. Find the probability that you can win.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT