If you have a chance to win $500 for drawing a card of 10 of any suit from a standard deck of cards, what is the value of expect

Question

Karo-lina-s [1.5K]

3 years ago

14

If you have a chance to win $500 for drawing a card of 10 of any suit from a standard deck of cards, what is the value of expect

ation?
A. $100.68 B. $50.52 C. $38.46 D. $24.80

Mathematics

1 answer:

Dimas [21] · Answer 1 · 2022-04-21T23:51:42+03:00

Dimas [21]3 years ago

6 0

The expected value is $38.46.

The probability of drawing a 10 from any suit is 4/52. Multiply this by the earnings, 500:

4/52(500) = 2000/52 = 38.46