Question: Can I have help with this? 1a. [7+1=8 points] You are asked to draw one card from a standard deck of 52 cards. If you

Can I have help with this? 1a. [7+1=8 points] You are

Can I have help with this?

1a. [7+1=8 points] You are asked to draw one card from a standard deck of 52 cards. If you draw a diamond, you will get $100. If you draw a heart, you will get nothing (that means, you will get $0.00) . If you draw any other card, then you will need to pay $60.00. Find your expected winning. If you play this game 5 times, what will be your expected winning? 1b. [4 points] In the probability distribution below, find the standard deviation of the random variable X. Use the following table for your answer for the above Question #1b

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