SOLUTION: A card game goes like this: You draw a card from a 52-card deck. If it is a face card (jack, queen or king), you win $5; otherwise, you lose $2. What is your expected value for th

Algebra ->  Probability-and-statistics -> SOLUTION: A card game goes like this: You draw a card from a 52-card deck. If it is a face card (jack, queen or king), you win $5; otherwise, you lose $2. What is your expected value for th      Log On


   

Question 992203: A card game goes like this: You draw a card from a 52-card deck. If it is a face card (jack, queen or king), you win $5; otherwise, you lose $2. What is your expected value for this game? (Round your answer to one decimal place.)
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


There are 12 face cards in the deck, so there are 40 non-face cards in the deck.

The probability of drawing a face is and the probability of a non-face is .



Just do the arithmetic.

John

My calculator said it, I believe it, that settles it