SOLUTION: A card is drawn from a standard 52-card deck. Calculate the expected value for the game. A player must pay 4 dollars to play the game, which must be subtracted from the winnings. I

Question 1102711: A card is drawn from a standard 52-card deck. Calculate the expected value for the game. A player must pay 4 dollars to play the game, which must be subtracted from the winnings. If a diamond is drawn, the player wins 10 dollars; otherwise, they lose their 4 dollars. Calculate the price that would make the game fair
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!

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For a fair game,

$2.50
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