SOLUTION: Kyd and North are playing a game. Kyd selects one card from a standard 52-card deck. If Kyd selects a face card (Jack, Queen, or King), North pays him $5. If Kyd selects any other
Algebra.Com
Question 1051671: Kyd and North are playing a game. Kyd selects one card from a standard 52-card deck. If Kyd selects a face card (Jack, Queen, or King), North pays him $5. If Kyd selects any other type of card, he pays North $3.
a) What is Kyd's expected value for this game? Round your answer to the nearest cent. $
b) What is North's expected value for this game? Round your answer to the nearest cent. $
c) Who has the advantage in this game?
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
a) K(x) = (12/52)4 - (40/52)3 = (48-12)/52 = 36/52 = 9/13 = 69 cents
b) N(x) = (40/52)3 - (12/52)4 = (120-48)/52 = 138 cents
c) North has the advantage (he stands to win the most)
RELATED QUESTIONS
Kyd and North are playing a game. Kyd selects one card from a standard 52-card deck. If... (answered by math_tutor2020)
Expected Value
Kyd and North are playing a game. Kyd selects one card from a standard (answered by stanbon)
Tom and Sam are playing a game. Tom selects one card from a standard 52-card deck. If Tom (answered by Fombitz)
If one card is drawn from a standard 52 card playing deck, determine the probability of... (answered by jorel1380)
A card is selected from a standard deck of 52 playing cards. A standard deck of cards has (answered by stanbon)
A card is selected from a standard deck of 52 playing cards. A standard deck of cards... (answered by Fombitz)
A card is randomly selected from a standard 52 card deck of playing cards. Determine the... (answered by Edwin McCravy)
A single card is drawn from a standard deck of cards. Find the probability if the given... (answered by jim_thompson5910)
in the game of blackjack a 2 card hand consisting of an ace and either a face card or a... (answered by stanbon)