document.write( "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? \n" ); document.write( "
Algebra.Com's Answer #387327 by solver91311(24713)![]() ![]() You can put this solution on YOUR website! \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Multiply each probability by the associated outcome value, then add up the expected values of each outcome. Add 'em up.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "John \n" ); document.write( " \n" ); document.write( "My calculator said it, I believe it, that settles it \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |