SOLUTION: a person selects a card from an ordinary deck of cards. if it is a black card, she wins $2. if it is a red card between 3 and 7 inclusive, she wins $10. If it is a red face card, s

Question 441764: a person selects a card from an ordinary deck of cards. if it is a black card, she wins $2. if it is a red card between 3 and 7 inclusive, she wins $10. If it is a red face card, she wins $25, and if it is a black jack, she wins an additional $100. If it is any other card, she wins nothing. Find the expected value of the game when no money is put up to start the game.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
a person selects a card from an ordinary deck of cards. if it is a black card, she wins $2. if it is a red card between 3 and 7 inclusive, she wins $10. If it is a red face card, she wins $25, and if it is a black jack, she wins an additional $100. If it is any other card, she wins nothing. Find the expected value of the game when no money is put up to start the game.
---------------
P(black) = 26/522
P(red between 3 and 7) = 10/52
P(red face) = 6/52
P(black jack) = 2/52
-----
E(x) = (26*2+10*10+6*25+2*100)/52 = $9.65
=============================================
Cheers,
Stan H.
RELATED QUESTIONS
HOMEWORK HELP PLEASE I DO NOT UNDERSTAND A person selects a card from an ordinary... (answered by Theo)

Selecting a Card A person selects a card from an ordinary deck of cards. If it is a... (answered by jpg7n16)

1.A person selects a card from a standard deck. If the card is red, she must pay $1. If... (answered by solver91311)

A person selects a card from a deck. If it is a red card, he wins $1. If it is a black... (answered by ikleyn)

A person selects a card from a deck. If it is a red card, he wins $1. If it is a black... (answered by VFBundy)

Suppose that a person selects a card at random from a deck of 52 cards and tells us that... (answered by ewatrrr)

When a single card is drawn from an ordinary 52 card deck, find the probability it will... (answered by AnlytcPhil)

If a card is selected at random from a deck of 52 cards, what is the probability that... (answered by Cromlix)

A card is drawn from an ordinary deck of cards. What is the probability that the card is... (answered by math_helper)