SOLUTION: if you draw 2 clubs on 2 consecutive draws from a standard deck of cards you win $23 otherwise you pay me $3 cards drawn without replacement enter the expected value of proposition
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-> SOLUTION: if you draw 2 clubs on 2 consecutive draws from a standard deck of cards you win $23 otherwise you pay me $3 cards drawn without replacement enter the expected value of proposition
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Question 376318: if you draw 2 clubs on 2 consecutive draws from a standard deck of cards you win $23 otherwise you pay me $3 cards drawn without replacement enter the expected value of proposition Answer by edjones(8007) (Show Source):
You can put this solution on YOUR website! 13/52 * 12/51 = 1/17
16*-3=-48
23*1 =23
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=====>-$25. expected value of proposition.
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Ed
