# SOLUTION: 1.A person selects a card from a standard deck. If the card is red, she must pay $1. If it is a black card between 2 and 10, she wins 50 cents. If is a black picture card, she wins Algebra -> Algebra -> Probability-and-statistics -> SOLUTION: 1.A person selects a card from a standard deck. If the card is red, she must pay$1. If it is a black card between 2 and 10, she wins 50 cents. If is a black picture card, she wins      Log On

 Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations! Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!

 Algebra: Probability and statistics Solvers Lessons Answers archive Quiz In Depth

 Click here to see ALL problems on Probability-and-statistics Question 615839: 1.A person selects a card from a standard deck. If the card is red, she must pay $1. If it is a black card between 2 and 10, she wins 50 cents. If is a black picture card, she wins$2. If it is a black ace she wins \$5. What is the expected value of her gain or loss from the game?Answer by solver91311(17077)   (Show Source): You can put this solution on YOUR website! is the probability of a red card. Since half of the cards are red, . Red card outcome: is the probability of a black number card: There are 18 black cards numbered 2 through 9 out of 52 cards. . Black number outcome: is the probability of a black face card: There are 6 black face cards out of 52 cards. . Black face outcome: is the probability of a black ace: There are 2 black aces out of 52 cards. . Black ace outcome Multiply each probability by the associated outcome value, then add up the expected values of each outcome. Add 'em up. John My calculator said it, I believe it, that settles it