Question

1b. If you draw a card with a value of three or less from a standard deck of cards, I will pay you $41. If not, you pay me $11. (Aces are considered the highest card in the deck.)
Step 2 of 2: If you played this game 877 times how much would you expect to win or lose? Round your answer to two decimal places. Losses must be expressed as negative values.

Answer 1

Answer:

-38,588 (losing chances)

7,016 (winning chances)

Step-by-step explanation:

There are 52 cards in a standard deck.

4 suits: hearts, diamonds, clubs, and spades

Each suit has four 2's, and four 3's. That means that there are 8 chances you will win $41. and 44 chances you will lose $11.

8 × 877 = 7,016 chances you will win $41.

44 × 877 = 38,588 chances you will lose $11.