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OpenStudy (anonymous):
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?
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OpenStudy (anonymous):
ishan u in which standard
OpenStudy (anonymous):
$22-$25 = -$3
OpenStudy (anonymous):
9th
OpenStudy (anonymous):
52 cards
OpenStudy (anonymous):
ok have u given NTSE AND NSTSE
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OpenStudy (anonymous):
no...whats that
OpenStudy (anonymous):
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
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