document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=801292>Question 801292</A>: <I><SPAN STYLE=\"word-break: break-all;\"> draw a card with a value of 2 or less from a standard deck of cards, i will pay you $16. if not, you pay me $5. (Aces are considered the highest card in the deck. what is the expected value of proposition? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #483497 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=483497\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> draw a card with a value of 2 or less from a standard deck of cards, i will pay you $16. if not, you pay me $5. (Aces are considered the highest card in the deck. what is the expected value of proposition?<BR>\n" );
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document.write( "Random \"winning\" values.....16...... -5<BR>\n" );
document.write( "Probabilities.............. 1/13.... 12/13<BR>\n" );
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document.write( "Expected \"winnings\"::: [16 - 12*5]/13 = (16-60)/13 = -44/13 = -$3.38<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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