SOLUTION: At a carnival a player gets to select one card from a deck.the player gets the number of dollars equal to the denomination of the card selected...$1 for an ace, $2 for a 2, $3 for

Algebra ->  Probability-and-statistics -> SOLUTION: At a carnival a player gets to select one card from a deck.the player gets the number of dollars equal to the denomination of the card selected...$1 for an ace, $2 for a 2, $3 for       Log On


   



Question 879644: At a carnival a player gets to select one card from a deck.the player gets the number of dollars equal to the denomination of the card selected...$1 for an ace, $2 for a 2, $3 for a 3,.....$10 for a 10, $11 for a Jack, $12 for a queen and $13 for a king.
What is the fair price to pay to play this game , i.e,What is the expectation of this game?

Answer by edjones(8007) About Me  (Show Source):
You can put this solution on YOUR website!
(1+13)/2=$7.00