Question: Draw two take one: for a draw two take one a modified deck of cards is used. Instead of a standard deck of 52 cards
Draw two take one: for a draw two take one a modified deck of cards is used. Instead of a standard deck of 52 cards only the 2 through 10 of each suit is use (leaving 36 total cards). The player draws two cards one at a time from the modified deck of cards. the first card that is drawn is put back into the deck (which is then reshuffled) before drawing the second card if to our cards are drawn the player wins $18 if an even spade card and then an even red card drawn the player wins $25 otherwise a player loses five dollars the cost to play.
- what is the expected value for the player ?
- what is the expected value for the charity ?
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