Question: A technology store holds a contest to attract shoppers. Once an hour, someone at checkout is chosen at random to play in the contest. Here's
A technology store holds a contest to attract shoppers. Once an hour, someone at checkout is chosen at random to play in the contest. Here's how it works: An ace and four other cards are shuffled and placed face down on a table. The customer gets to turn over cards one at a time, looking for the ace. The person wins $100 of store credit if the ace is the first card, $50 if it is the second card, and $20, $10, or $5 if it is the third, fourth, or last card chosen. What is the average dollar amount of store credit given away in the contest? Estimate with a simulation.
Step by Step Solution
There are 3 Steps involved in it
A component isturning over one card One way to model the cards turned over is to g... View full answer
Get step-by-step solutions from verified subject matter experts
