# Consider a game of poker being played with a standard 52-card deck (four suits, each of which

## Question:

a. Specific the probability distribution for X = expected winnings.

b. Find the expected value of X. Based on the expected value, should you call the $20 bet and receive one more card or not call the bet?

Distribution

The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

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**Related Book For**

## Statistics The Art And Science Of Learning From Data

**ISBN:** 9780321755940

3rd Edition

**Authors:** Alan Agresti, Christine A. Franklin