Question: This is wrong answ.. plz solve it and help me with explanation Oscar is playing a simple card game. The game is played by the

This is wrong answ.. plz solve it and help me with explanation

This is wrong answ.. plz solve it and help me with explanation

Oscar is playing a simple card game. The game is played by the player picking a card from a deck. If the player picks any face cards, they wins $20. If the player picks any other cards, they lose $10. Let X be the random variable representing the $ amount Oscar will win/ lose from this game. (a) Fill in the probability distribution of X. Leave the probability as a fraction. X P(X) Win 20 12/52 Lose $ 10 40/52 (b) Calculate the expected value of X. Round your answer to the nearest hundredth of a dollar. (for example if the answer is 43.5478, then round to 43.55). The expected value is $ -3.08

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!