Answer:
The expected game value is -1 cent
Step-by-step explanation:
Here, we want to calculate the expected value of the game
We have 4 aces and 4 kings, including 26 red cards
The number of aces is 4
Probability of drawing an ace is 4/52 = 1/13
Probability of drawing a king is also 4/52 = 1/13
There are 26 red cards
The number of red cards that are neither ace nor king
There are 2 red aces and 2 red kings
So the number of cards that are red but are not
aces nor kings are 26-2-2 = 22
The probability of selecting this is 22/52 = 11/26
So the expected value is simply the probability multiplied by the amount
Thus, we have;
(60 * 1/13) + (30 * 1/13) + (5 * 11/26)
= 60/13 + 30/13 + 55/26
= (120 + 60 + 55)/26 = 9.038 cents which is approximately 9 cents
we subtract this from the 10 cents we are playing with, thus we are left with 9-10 = -1 cent
