Here it is.. you need to calculate some numbers
HELP!!!!!!!Choose the graph that matches the following system of equations:
1 answer:
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Answer: The required expected value is $3.46.
Step-by-step explanation:
Since we have given that
Number of value of 4 or less are
2,3,4
So, there are 12 in numbers.
So, probability would be
Since Aces are considered as the highest card in the deck.
So, remaining probability would be
Amount paid or value of 4 or less = $165
Amount not paid for other case = $45
So, the expected value would be
Hence, the required expected value is $3.46.