SOLUTION: A game is played where if you are dealt a face card, from a standard deck of 52 cards you win $10. If you are dealt any other card you must pay $4. What is the expected lost/gain f

Question 1155255: A game is played where if you are dealt a face card, from a standard deck of 52 cards you win $10. If you are dealt any other card you must pay $4. What is the expected lost/gain from playing this game?
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.


Expected lost/gain is   = -0.77 dollars.


Hence, if you play this game many times, you should expect losing $0.77 every play, in average.    ANSWER

RELATED QUESTIONS
If you are dealt a 5 card hand from a standard deck of 52 playing cards, what is the... (answered by ewatrrr)

If you are dealt a 5 card hand from a standard deck of 52 pledging cards, what is the... (answered by solver91311)

You are dealt one card from a standard 52-card deck. What is the probability, as a... (answered by CubeyThePenguin,Solver92311,Alan3354)

If you are dealt one card from a standard 52-card deck, find the probability of being... (answered by rfer)

If you are dealt three cards from a shuffled deck of 52 cards, what is the probability... (answered by solver91311)

You are dealt one card from a standard 52-card deck. Find the probability of being dealt (answered by malglu)

Two playing cards are dealt to you from a well-shuffled standard deck of 52 cards. If... (answered by Edwin McCravy)

If you are dealt two cards successively ( with replacement of the first) from a standard... (answered by joyofmath)

If you are dealt a 5 card hand from a standard deck of 52 playing cards, what is the... (answered by stanbon)