Question

A card is drawn at random from a standard deck of playing cards. You win $1 if you draw a seven and $24 if you draw an ace. Otherwise you loose $2. What is the expected value of the game?

Answer 1

ishan u in which standard

Answer 2

$22-$25 = -$3

Answer 3

9th

Answer 4

52 cards

Answer 5

ok have u given NTSE AND NSTSE

Answer 6

no...whats that

Answer 7

Probability of getting a 7 = 1/13
Probability of getting an Ace = 1/13
Probability of not winning = 11/13
Money totals: $2*1/13 + $24*1/13 -$2*11/13 = $4/13