Ask Question
31 March, 17:36

If you have a chance to win $500 for drawing a card of 10 of any suit from a standard deck of cards, what is the value of expectation?

A. $100.68 B. $50.52 C. $38.46 D. $24.80

+1
Answers (1)
  1. 31 March, 19:10
    0
    The expected value is $38.46.

    The probability of drawing a 10 from any suit is 4/52. Multiply this by the earnings, 500:

    4/52 (500) = 2000/52 = 38.46
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If you have a chance to win $500 for drawing a card of 10 of any suit from a standard deck of cards, what is the value of expectation? A. ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers