# Question: A game is set up as follows All the diamonds

A game is set up as follows: All the diamonds are removed from a deck of cards, and these 13 cards are placed in a bag. The cards are mixed up, and then one card is chosen at random (and then replaced). The player wins according to the following rules.

If the ace is drawn, the player loses $20.

If a face card is drawn, the player wins $10.

If any other card (2–10) is drawn, the player wins $2.

How much should be charged to play this game in order for it to be fair?

If the ace is drawn, the player loses $20.

If a face card is drawn, the player wins $10.

If any other card (2–10) is drawn, the player wins $2.

How much should be charged to play this game in order for it to be fair?

**View Solution:**## Answer to relevant Questions

Using Exercise 13, how much should be charged if instead of winning $2 for drawing a 2–10, the player wins the amount shown on the card in dollars? The number of emergency calls a local police department receives per 24-hour period is distributed as shown here. Construct a graph for the data. To the right of z = 2.01 0.0222 Find the area under the standard normal distribution curve. Between z = 0.24 and z = –1.12 Find the area under the standard normal distribution curve. P (0 z 0.67) Find the probabilities for each, using the standard normal distribution.Post your question