Mathematics, 14.01.2022 04:00 tinalmath
4. You select a card from a standard deck of 52 cards. If you pick the king of hearts, you win $100. If you select an ace, you win $10. If you select a queen, you win $3. The game costs $5 and you can only win one prize. If you pick any other card, you get nothing. What is the expected payoff?
a. -$2.92
b. - $2.08
c. -$3.69
d. $3.11
Answers: 1
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4. You select a card from a standard deck of 52 cards. If you pick the king of hearts, you win $100....
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