SOLUTION: Studying for a math quiz, so wrote down a problem from the text for reference. Can someone help with a solution to help with studying? Bless You. This is a game, you draw a card

Algebra ->  Probability-and-statistics -> SOLUTION: Studying for a math quiz, so wrote down a problem from the text for reference. Can someone help with a solution to help with studying? Bless You. This is a game, you draw a card      Log On


   

Question 729395: Studying for a math quiz, so wrote down a problem from the text for reference. Can someone help with a solution to help with studying? Bless You.
This is a game, you draw a card from a deck of 52 cards, pay $5.00 to play,which must be subtracted from the winnings, calculate expected value of playing, and price of game to make game fair. If a face card is drawn you win $20.00, otherwise you lose your $5.00.
Answer by lynnlo(4176) About Me  (Show Source):
You can put this solution on YOUR website!
OK,IF IT COST $5.00 TO PLAY,IF YOU WIN YOU GET $20.00 SO YOU WOULD JUST SUBTRACT 5-20,TO WIN 15
OTHERWISE,WHAT IS YOUR QUESTION