SOLUTION: the casino a new game called test your luck. to play , you draw a card from a deck. if it's heart you win. if it's black you lose. (diamonds do not count for anything). explain if

Algebra ->  Probability-and-statistics -> SOLUTION: the casino a new game called test your luck. to play , you draw a card from a deck. if it's heart you win. if it's black you lose. (diamonds do not count for anything). explain if       Log On


   



Question 948782: the casino a new game called test your luck. to play , you draw a card from a deck. if it's heart you win. if it's black you lose. (diamonds do not count for anything). explain if is a good game to play
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
Your chances for winning are: P=13%2F52=1%2F4
Your chances for losing are: P=26%2F42=1%2F2
Since you're twice as likely to lose and you are to win, this might not be a good game to play.
But it depends on the payout if you win versus how much it costs to play.
If it pays $2 to win but only costs $1, you might be interested.
If it pays $100 to win but only costs $1, it would be a little more interesting.