SOMEONE PLEASE HELP 100 POINTS AND BRAINLIEST AND 5 STAR RATING! PLEASE HELP! :)
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C.) (3,3) is the solution of the system.
Using the expected value, it is found that a price of $6 should be charged to make it a fair game.
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- The game is fair if the <u>expected value is 0</u>.
- The expected value is given by <u>each outcome multiplied by it's probability</u>.
- A probability is the <u>number of desired outcomes divided by the number of total outcomes</u>.
- In a standard deck, there are 52 cards.
- The cost of x.
- There are 4 Aces in a standard deck, thus
probability of earning 26 - x.
- There is 1 King of Hearts in a standard deck, thus
probability of earning 204 - x.
- There are 4 Jacks and 4 Queens in a standard deck, thus
probability of winning 13 - x.
- The other 39 cards you lose, thus
probability of losing x.
Considering we want the expected value to be 0.
$6 should be charged.
A similar problem is given at brainly.com/question/24905256