A game is played using a standard 52-card deck. The player pays $3.00 to play and...

 

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A game is played using a standard 52-card deck. The player pays $3.00 to play and gets to pick one card at random from the deck. If the player picks an ace, they win $13.00. If they pick a face card, they win $9.00. If the player picks a numbered card, they win $1.00. What is the expected value of the game? The game's expected value is Hint A game is played using a standard 52-card deck. The player pays $3.00 to play and gets to pick one card at random from the deck. If the player picks an ace, they win $13.00. If they pick a face card, they win $9.00. If the player picks a numbered card, they win $1.00. What is the expected value of the game? The game's expected value is Hint

Answer rating: 100% (QA)

To find the expected value of the game we need to calculate the probability of winning each ... View the full answer