SOLUTION: Q: A game of �Quick Draw� is played in a certain casino. In the game, a player chooses a card from a well shuffled deck of regular playing cards (52 card deck). If the card chosen

SOLUTION: Q: A game of �Quick Draw� is played in a certain casino. In the game, a player chooses a card from a well shuffled deck of regular playing cards (52 card deck). If the card chosen

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Question 340100: Q: A game of �Quick Draw� is played in a certain casino. In the game, a player chooses a card from a well shuffled deck of regular playing cards (52 card deck). If the card chosen is the King of Hearts, the player receives $104. If the card is an Ace, the player receives $78. Otherwise the player pays the casino $13. How much money can a player expect to win the next time s/he plays the game?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

There is 1 King of Hearts in 52 card deck. Hence the probability of drawing the King of Hearts is

and therefore the expected return with respect to drawing a King of Hearts is

There are 4 Aces, so:

There are 47 other cards, so

On average, you give up $3.75 every time you play.

John

My calculator said it, I believe it, that settles it

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