document.write( "Question 80907This question is from textbook A survey of mathematics with applications
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document.write( ": At a fair run by local charity organization, it cost 50 cents to try ones luck in drawing an ace from a deck of 52 playing cards. What is the expected profit per customer, if they pay $4 if and only if a person draws an ace? \n" );
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Algebra.Com's Answer #58057 by checkley75(3666)![]() ![]() ![]() You can put this solution on YOUR website! .50*12/13-4*1/13=.46-.31=.15 PROFIT PER CHANCE. \n" ); document.write( "12/13 OR 46% OF THE TIME YOU GAIN $.50 \n" ); document.write( "1/13 OR7.7% OF THE TIME THEY WIN $4.00 \n" ); document.write( " |