SOLUTION: A barker comes up with a new carnival game. A player will draw 1 card out of a full 52 card deck. If the player draws an Ace, they win $10. If they draw a face card (king, queen

Algebra ->  Formulas -> SOLUTION: A barker comes up with a new carnival game. A player will draw 1 card out of a full 52 card deck. If the player draws an Ace, they win $10. If they draw a face card (king, queen      Log On


   



Question 355604: A barker comes up with a new carnival game. A player will draw 1 card out of a full 52 card deck. If the player draws an Ace, they win $10. If they draw a face card (king, queen, jack) they win $1.00. Drawing any other card from the deck and they win nothing. How much do they have to charge to play the game to make it fair?
I did this: (4/52 *$10)+(12/52 * $1.00) + (16/52 * $0)= .77+.23= $1.00 is that right?

Answer by edjones(8007) About Me  (Show Source):
You can put this solution on YOUR website!
$1.00 is correct.