Ask Question
11 December, 20:45

Kyd and North are playing a game. Kyd selects one card from a standard 52-card deck. If Kyd selects a face card (Jack, Queen, or King), North pays him $5. If Kyd selects any other type of card, he pays North $2. a) What is Kyd's expected value for this game? b) What is North's expected value for this game? c) Who has the advantage in this game?

+1
Answers (1)
  1. 12 December, 00:19
    0
    Step-by-step explanation:

    In a 52 deck, there are 12 face cards (4 Jacks, 4 Queens, and 4 Kings). The remaining 40 cards are non-face cards.

    The probability that Kyd draws a face card is 12/52, and the probability that he draws a non-face card is 40/52.

    a) Kyd's expected value is:

    K = (12/52) (5) + (40/52) (-2)

    K = - 5/13

    K ≈ - $0.38

    b) North's expected value is:

    N = (12/52) (-5) + (40/52) (2)

    N = 5/13

    N ≈ $0.38

    c) Kyd is expected to lose money, and North is expected to gain money. North has the advantage.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Kyd and North are playing a game. Kyd selects one card from a standard 52-card deck. If Kyd selects a face card (Jack, Queen, or King), ...” 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